As a healthcare professional, your employees are your greatest asset. They are the ones who take care of patients by offering various nursing services. They are also the people who determine how far your business will go. Whether it’s the receptionist who handles all your clerical works or the healthcare physicians and assistants who administer care, your staff ensure your healthcare practice runs smoothly. However, such an advanced healthcare setting often has its share of risks and challenges. Sometimes the measures you’ve in place to ensure a conducive working environment may not be enough to guarantee the safety and security of your employees.
As with any other profession, healthcare employees are also at risk of accidents and injuries, which can be very costly for your business if you don’t have proper and adequate coverage. The five home health care business insurance to consider include General and Professional Liability Insurance, Non-owned Automobile Liability Insurance, Commercial Crime Coverage (Bonding), Content and Building Insurance, and Workers Compensation.
To provide a safe workplace and help mitigate cases of job-related injuries, you may consider subscribing to a home health care workers compensation insurance. This type of insurance ensures your business is protected against any injured or ill employees, as well as lawsuits that may stem from those injured.
As with any other profession, home health care workers are equally exposed to their own set of risks. These occupational hazards include violence, musculoskeletal disorders, needlestick and sharp objects, violence, latex allergies, driving-related injuries and effects of an unsafe working environment. This is according to the Centers for Disease Control and Prevention (CDC). Such risks are the ones that warrant the need for home health care workers compensation insurance.
Purchasing worker’s compensation insurance not only secures your employees in case of any injury, but also allows your business to effectively manage the risks outside its realm of control. If an employee suffers from a job-related injury, this type of home healthcare business insurance provides them with funds that cover immediate medical expenses. In addition, the coverage also factor in the lost income, should an employee suffers long-term injuries that limit their ability to earn.
Other than covering employees injuries and illnesses, your home healthcare insurance workers compensation provides you with the funds to cover lawsuits. Such expenses include the cost of hiring a lawyer, compensation costs among other court expenses. However, the funds dispensed to cover for court processes will be based on the type and limit of the insurance plan.
Therefore, when looking to buy a home health care workers compensation insurance, make sure you understand your State laws in regards to worker’s compensation. Currently, a majority of States recommend businesses that have employees to purchase some form of Workers’ Compensation coverage. Although, the requirements for each state could vary and it’s vital to understand the demands of your state. Lastly, as a healthcare practitioner, there are some things you can do to minimize the possibility your employees attracting injuries and accidents. Train your staff on the best healthcare practices such as handling of patients and proper use of medical equipment. To reduce employee injury cases, you may consider equipping them with safety tools.
