Maintaining a strong business at your nursing home requires the best in a comprehensive insurance plan. Here are three main areas of coverage that a good plan will address.
- Insurance to Cover the Business – Like any other business, a nursing home will need good professional and general liability coverage. These types of policies protect the business from claims including property damage or personal injury in the course of normal business operations. Comprehensive nursing home insurance coverage will definitely plan for professional and general liability risks.
- Insurance to Cover the Employees – Nursing homes employ a variety of personnel; cover all the employees with worker’s compensation insurance and adequate protection for medical directors. Policies should also address liability insurance for directors and officers of the company. Your policy should cover all the medical, service and administrative staff.
- Insurance to Cover the Facilities – Nursing home insurance coverage should also provide against damages to property in the form of buildings, land and personal property. You should also get business interruption insurance to manage risks if your business should be put on hold due to extreme circumstances.
As you work with professional insurance agencies to create a policy for your nursing home, be sure to carefully assess the needs of your business to get nursing home insurance coverage that will help prevent and manage risks of all sorts.