Insurance for Short & Long Term Care Facilities
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What Insurance Do Short & Long Term Care Facilities Need?
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
Hired and Non-Owned Auto Insurance protects your small business that hires vehicles or allows employees to borrow company vehicles for business purposes. You're covered for claims of personal injury and property damage if any of your vehicles is involved in an accident.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Frequently Asked Questions
Why do Care Facilities need insurance?
This industry consists of specialty care facilities for adults and children. Establishments include adult and elderly nursing homes, mental health institutions, substance abuse facilities, delinquent youth halfway homes, group homes for unwed mothers, orphanages, developmental disability facilities and retirement communities.
Care facilities look after people in need of medical care. This is a very serious job and must be handled carefully. However, things don't always come your way so when your business is faced with a medical responsibility or a liability risk, make sure that you are ready for it. Insurance will pay covered expenses. When you face a liability claim, for example, insurance will pay for the expenses to keep your business assets protected.
What risks do Short & Long Term Care Facilities face?
Nursing care facilities face a unique set of risks. Below are some of those:
- A nurse visiting a patient in an emergency uses her own vehicle. However, the nurse is in an accident.
- A nurse catches a communicable disease from a patient. You'll be responsible for the nurse's medical fees and lost wages until he or she is able to work again.
How much does Insurance for Shot & Long Term Care Facilities cost?
The cost of insurance for care facilities will usually depend on the size of the nursing facility, the number of employees and the coverage required. If you want to know the cost of your insurance policies, apply online to get a free quote or talk directly to our insurance experts.