August, 2020

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3 Risks of Home Healthcare

Home Healthcare

Home health care continues to gain popularity due to the personal and monetary costs for patients. However, convenience does not come without calculated risks. Laws and regulations for home health care are constantly evolving, and staying on top of them can be overwhelming. Keep the following risks in mind when determining if home care is right for you.

  1. Safety

For caregivers, the risks of at-home care include exposure to:

  • Pathogens
  • Physical injuries (from equipment or heavy lifting)
  • Animals
  • Home violence

Caregivers and patients alike shy away from home care due to these risks. Minimizing their existence is the easiest way to avoid legal or regulatory trouble.

  1. Payment

Home health care can be cheaper than a hospital or care facility, but payment is often less direct. For example, laws and regulations govern how a caregiver is paid during the meal, sleep, and travel time. Payments become more complex with a live-in caregiver as well as with non-caregiver employees, so it is necessary to stay abreast of monetary responsibilities.

  1. Licensure/Certification

Most states require that caregivers have specific licensure in order to provide home care, and the amount of training necessary to receive licensure varies from state to state. To ensure that a caregiver is appropriately qualified, many turn to national home healthcare agencies which require caregivers to adhere to a setlist of ethics and guidelines.

At-home care comes with a number of risks, but the advantages outweigh the risks for many. Staying up-to-date on laws and regulations for home health care is the best way to mitigate these risks and get the most out of home healthcare.

Important Considerations for Managing a Marina

Managing a Marina

Operating a marina requires a lot of know-how, but it can be an extremely profitable opportunity. Here are some important considerations about running a marina that managers need to prioritize.

Marina Maintenance

One of the single most important marina management tips is keeping the physical premises in excellent condition. When a marina is well-maintained, you can take good care of it with more regular maintenance efforts instead of having to invest in costly capital improvements. When you address problems as soon as possible, you’ll improve safety and lessen the risk of someone experiencing an accident or a vessel being damaged.

Lease or Membership Agreements

Many marinas let out slips on a monthly or yearly basis. Managers need to evaluate what type of rental or membership agreements will work best for them. No matter what type of payment and terms you decide on, agreements must outline key responsibilities for your lessors or members.

  • Use restrictions
  • Insurance requirements
  • Emergency preparedness responsibilities

Marina Insurance

In addition to thorough maintenance plans and thoughtfully drafted rental or membership agreements, marina managers need to obtain insurance coverage that will address both damage and liability concerns. It’s advisable to work with an insurance company that is experienced in serving marinas and can help managers build a comprehensive package policy.

Why You Should Consider Life Insurance

Life Insurance

Life insurance can be a daunting topic to think about, but it is an essential part of sound financial planning. Here are some of the main benefits of life insurance and how it can protect the ones you love.

Being Prepared

A life insurance policy stands as a safeguard against uncertainty. Most families face hardship when they lose the primary earner. Some of the costs that life insurance can help cover are:

  • Unpaid debts
  • Funeral expenses
  • General living costs
  • College funding

A policy is a good idea for anyone who has a family. It can help to provide care for a spouse, children, or aging parents.

Choosing Wisely

There are several different types of life insurance policies that vary based on individual needs. You’ll want to find one that meets your lifestyle and requirements. Some of the more common policies are:

  • Term Life
  • Whole Life
  • Universal Life

These policies differ in their requirements for withdrawing funds. Some policies can also provide a source of helping with college tuition and down payments on a home.

The benefits of life insurance are having peace of mind and caring for the future of your family. Having coverage is a way of helping those you love most through what is otherwise a time of difficult loss.