Your nursing home provides the safe space the elderly need. Families also trust that your nursing home is providing adequate care for their loved ones. However, if you have owned a nursing home before then you know many different situations can affect your home. Fortunately, insurance for nursing homes is available to help you safeguard your wallet and your residents.
Creating Full Protection
There are many factors to take into consideration before cementing an insurance plan. From employee situations to outside litigation, there are many angles you need to protect yourself from.
Professional Liability – Professional liability insurance is especially relevant. This covers you if someone claims you conducted medical errors or negligence. You can pay for the expensive legal process and potentially pay damages if your nursing home is held liable.
Auto Coverage – If you transport residents from location to location with a company vehicle, then it is important to consider commercial auto coverage. With this coverage, you can handle damages or medical expenses from accidents without hurting your wallet.
General Liability – Any commercial location needs general liability. This coverage takes care of expenses that result from injuries or events on your property such as slips.
Insurance for nursing homes can seem complicated. However when you start your package building with these three policies you are on the right track to superiors coverage.