Covering the Risks Associated With Nursing Homes

With more people living longer, the need for well-managed nursing homes and assisted-living facilities continues to grow. More people will require the services of these facilities as they head toward the end of life. There is significant risk to any businesses or institutions that tend to the healthcare needs of the elderly. Some of these risks are managed through insurance policies that are typical for most companies, such as property and general liability. Nursing home businesses need specific nursing insurance products that help manage several of the common risks in healthcare, especially for the elderly and patients who require assistance.

Covering Your Needs

It’s important to have coverages that are specific to the requirements of a nursing home business. These are some of the following protections you should strongly consider having:

  • Excess liability
  • Boiler and machinery
  • Employment practices liability
  • Facility barbers and beauticians
  • Automobile, including use of transport vans
  • Workers’ Compensation
  • Crime protection

These are just some of the coverages that a nursing facility should have to protect their interests, including that of their employees and patients.

Finding the Right Insurer

The good news is that it’s possible to find an insurance company that offers the specific coverages your business needs. A lawsuit or claim made for uncovered damages can threaten the future of your business and its ability to offer quality care to future patients. Talk to an insurer that can provide policies that address all potential risks.