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.
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.
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!
Why do Services for the Elderly and Disabled need insurance?
Workers in this industry aim to provide care for the elderly. Examples include assisted-living facilities, rest homes, and assisted living services for the elderly without nursing care.
One of the largest risk that your business faces is that there are not enough risk management procedures to protect your business assets. Even if your business is already successful, you won't have enough financial resources to cope with large financial losses that your business could suffer, for example when your business is sued. Your insurance will cover the costs so your business and even personal assets are protected.
What risks do Services for the Elderly and Disabled face?
Below are some common risks services for the elderly and disabled could face:
An elderly person slips in a puddle of water that you are about to clean, which causes a severe back injury. While your business is able to provide the medical services the elderly person needs, they still insist on suing your business.
While doing routine patient visits, your employee gets involved in a vehicular accident in which they are using their own vehicle at the time. Because of the accident, your employee injures their leg. As their employer, you are responsible for the medical expenses of your employee.
How much does insurance for Services for the Elderly and Disabled cost?
There is no fixed cost of insurance for services for the elderly and disabled as the cost depends on various factors. To find out the cost of your insurance just apply online and we'll send you a free quote in minutes.