Types of Coverage for Hospice Facilities
When looking into a hospice business insurance program that works best for your facility, there is a multitude of policies that can and should be considered in order to prepare for any sort of incident possible. Your business holds an important role, caring for patients near the end of their life and making sure they’re compassionately supported and comfortable. Loved ones are also under a great deal of emotional stress, which could lead to further difficulties. Furthermore, your business is operating nonstop, all day and year round, which just opens up more opportunities for liabilities and problems to arise.
Policies in an Insurance Program
While every hospice care facility is different, there are several important types of insurance that most should consider getting for their business. It’s important for facilities to work with providers to put together hospice business insurance programs that are the best possible fit for their needs. However, here is a list of some of the most important policies to possibly include in your coverage.
- General Liability
- Directors & Officers
- Worker’s Compensation
- Employment Practice Liability
- Professional Liability
- Sexual Abuse Liability
- Crime Insurance
- Property Insurance
- Automobile Insurance
- Malpractice Insurance
- Cyber Liability
Consider what could possibly go awry and cause your hospice care facility financial and/or legal problems when searching for hospice business insurance programs. Even small inconveniences can cause major issues in the long run.