How Care Home Insurance Protects Care Facilities and Residents

With an aging population, more and more Americans find themselves in care homes, ranging from relatively independent communities to intensive assisted-living facilities. With industry and technological changes, and particularly in the wake of the Covid-19 pandemic, carrying comprehensive care home insurance is essential for facilities to financially protect themselves, as well as their residents.

What Risks Do Care Homes Face?

Working with an elderly population is always challenging and carries unique and inherent health and mobility risks. Given the setting, injuries and accidents are unfortunately not uncommon. However, new hazards continue to arise, including cyberattacks on confidential medical information, threats like Covid-19, and others.

What Does Care Home Insurance Cover?

Care home insurance will be tailored to the given needs of a specific institution. It may include the following, and more:

A quality insurer may also help institute risk management protocols that can improve safety and lower insurance premiums, including streamlining computerized medical records, and utilizing smart technologies like motion sensors and remote-controlled walkers.

Ultimately, given the unavoidable hazards of the care home industry, having a thorough policy to cover the institution, staff, and patients where applicable will ensure financial stability for the facility, and allow for more focus and attention on facility residents.