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19 Aug The Nursing Home Insurance Coverage You Need
The choice to put a family member into a nursing home is a difficult one. You have to have reached a point where regular care is required and it cannot be received through a home care program. A nursing home provides this care to elderly patients so they are constantly monitored and their needs are addressed at any hour of the day to try to increase the quality of life.
A nursing home is a resource, but it is also a business. If you are operating a nursing home facility, you should know the nursing home insurance coverage you need to make sure your facility is protected from liabilities.
Nursing home insurance coverage may include but are not limited to:
General Liability Insurance – A general liability plan covers common lawsuits that can arise from regular daily business activity that does not involve employees. At a nursing home, visitors frequently come and to see their loved ones and spend some quality time with them or check to see how they are doing. Having visitors may lead to additional liabilities. General liability insurance covers liabilities that may happen out of the care of an employee or for slip and fall accidents that are considered non-medical negligence.
Commercial Property Insurance – A nursing home should be viewed as a place of business as much as a home for elderly residents. One of the essential parts of nursing home insurance coverage is commercial property insurance. All businesses should have this kind of coverage to protect against any damages that may happen to the building or any supplies or furniture that is stolen, damaged or destroyed by a natural disaster like a fire.
Professional Liability Insurance – You want insurance that protects you from non-medical negligence, but you also need to have professional liability insurance that protects you from any medical incidents as well. The professionals in a nursing home are treating hundreds of residents every day, several times a day. This puts them at risk for claims against them regarding wrong medication or providing the wrong treatment. This insurance may also cover claims against other mistakes or inappropriate interaction with a patient.
Employee Benefits Liability Insurance – All employees are entitled to benefits, and this kind of insurance coverage protects the employer from any damages that may occur as a result from an error or omission of the employee benefits program the nursing home offers. This can include not advising employees of the benefit programs that are offered. Nursing homes can have high turnover rates when it comes to employees and it requires a special skill set to do this sometimes thankless work.
Commercial Auto Liability – Some nursing facilities have vehicles that can transport residents and employees who serve as chaperones for offsite activities or to receive special medical treatment that can’t be provided within the nursing home. These vehicles need to be covered as well. Having a commercial auto liability plan can cover damages, accidents or injuries that may happen while a commercial vehicle is being used.
Sexual Misconduct Coverage – Another claim that can come out of nursing homes is sexual abuse claims. General liability insurance plans typically have sexual abuse exclusions, so even if you think you are covered, you want to have this type of coverage with many cases and complaints of sexual abuse being filed every year.
Workers’ Compensation (is not offered through XINSURANCE) – Just as you should have coverage for the building in the event that something happens, you should also have coverage for your employees. Workers’ compensation is an essential type of nursing home insurance coverage that all skilled nursing homes should offer to employees.
For the nursing home insurance coverage you may need to keep your facility covered so you and your employees are protected from the things that are out of your control in your caring for residents, turn to XINSURANCE to get a specific and detailed plan that is right for you and your team.
With XINSURANCE, you get a plan that works for you. Start the process today by contacting us at 877-585-2853 to discuss your plan.