Home Care Business Insurance
Taking care of others comes naturally to you. You’re caring, kind, and passionate about others’ well being. But just because it’s second nature to look after others, doesn’t mean you should forget about looking after yourself as well. We recommend several types of home care business insurance to make sure you’re covered while doing the work that you love.
Take a look at the following recommended coverages to help you stay safe at work.
Liability Insurance for Home Care Workers
It doesn’t matter if you’re an RN, HHA, or PCA. Either way, you face risks while at work. That’s why we recommend both general and professional liability insurance.
Home Care General Liability
If you’re self-employed, you need to make sure you’re protecting your business from risk. Any exposures you face can put both you and your business in jeopardy. General liability insurance protects you and your business from financial loss in the event you are liable for third-party bodily injury, property damage, or personal/advertising injury.
- Bodily Injury: You’re helping a patient into the car, and lose control of their wheelchair. The wheelchair rolls down the hill and over someone’s foot, fracturing their ankle. General liability would pay for the medical costs.
- Property Damage: Let’s say you are helping a patient get out of the shower. She slips and falls, causing the shower rod to smash into the bathroom mirror. GL would pay for the mirror’s replacement and repair costs.
- Personal/Advertising Injury: Everyone has bad days at work. And sometimes, people like to rant about it on social media. If a patient sues you for slander, libel, or copyright infringement, general liability will cover legal damages.
Neglecting to take care of yourself can be risky for you and your business.
Home care workers pay an average of $30/month for general liability insurance, which is $360/year.
Home Care Professional Liability
Most patients rely on medications and supplements to maintain or improve their quality of life. Managing medications is a lot of responsibility, and with that, comes liability. Professional liability insurance makes sure you have the right protection in the event of an error.
Home Care Workers’ Comp
While general liability covers third-party bodily injury, it does not protect you or those working for you should an incident occur. Home care workers’ comp is very important because it covers you or an employee in the event you get injured on the job. Depending on the patient, your work may very physical, or not very physical at all. Either way, there are always risks on the job.
Lifting and moving patients is demanding, physical work. They rely on you to go about their day. That’s why it’s so important for you to take care of yourself, so you can continue to be there for your clients.
As with any laborious job, it’s easy to injure yourself. But the great thing about workers’ comp is that it will cover job-related illnesses and injuries. Perks include medical bill coverage and the supplementing of lost wages should you have to take time off work to recover.
Most states require you to have workers’ comp if you have an employee. It’s still something that’s important to have, even if you’re not required.
It helps keep you protected, but it also help you get hired, too.
With no employees, home care workers could pay as little as $63/month for workers’ comp insurance.
How to save on workers’ comp insurance
Many companies or individuals that hire home health care workers require them to have a Certificate of Insurance. If this is the case for you, but you are looking for an affordable option, you may want to consider a minimum premium workers’ comp policy.
Also known as a ghost policy, minimum premium workers’ comp is the most affordable type of workers’ comp because it excludes the business owner from coverage. The great thing about our ghost policy is that we’ve packaged it with an accident policy, which provides 24-hour accident coverage in the event of a work accident.
With us, you get more coverage, and at a lower price than our competitors.
Business Owner’s Policies for Home Health Care Workers
In your industry, the cost of a business owner’s policy averages $42/month, or $504/year.
Business Auto Insurance for Home Health Care Professionals
Commercial auto insurance covers vehicles owned by your business. If you use your personal vehicle for work and get into an accident, your personal auto policy will probably not cover it.
With business auto insurance, you’ll be protected from financial losses arising from physical damage to a vehicle, bodily injury, and property damage.
If your company borrows, rents, or hires vehicles for business purposes, you’ll want to consider hired and non owned auto insurance. It also comes in handy if you have helpers working for you that use their personal vehicle for work-related purposes. The hired and non-owned auto endorsement extends liability protection to the company if the employee is involved in an accident.