06 Aug Insurance for Contra Costa Home Healthcare Companies
Insurance for Contra Costa Home Healthcare Companies
Home health care is a growing industry throughout many parts of the country, including areas like Contra Costa. With an increasing aging population in need of care as well as hospice, rehabilitation, or even chronic care patients- the need for quality home health care businesses is great and will continue to remain in demand for many years to come. If you have considered taking on this noble challenge and have started your own home health care business in Contra Costa, or if you are planning to launch a business in the near future, you know that there are many different regulations which must be met before the state of California will present you with an operating license. One such regulation is that your business is properly insured.
There are several different types of insurance policies that you will need to purchase if you desire complete and comprehensive insurance protection for your Contra Costa home health care business. Liability insurance covers a wide range of incidents, but simply put, these policies are in place to provide coverage which will pay money damages for which your business may be liable to pay if an employee were to cause injuries to a client or damage a client’s property in some form or fashion.
Since your employees will be driving to and from various locations as part of their jobs- commercial auto insurance policies are a must. Much like personal auto policies, commercial auto insurance is intended to provide coverage for repairs, replacements, and/or personal medical costs in the event that an employee is involved in an accident with company property or on company time.
A worker’s compensation policy also needs to be a part of your home health care insurance package. If your employees are injured on the job, worker’s compensation will pay for their medical costs and provide an income stipend while they are recovering and off the job. Worker’s compensation also protects your business from being sued for additional damages related to the accident. California, unlike some states, requires that all businesses obtain a worker’s compensation policy prior to operation.
Finally, there are a myriad of other policies which you should strongly consider purchasing if you are operating a Contra Costa home health care company. While you may be focused on the positive aspects of your business (good customer relations, a sustaining client load, etc), it is important to be prepared in case a negative event occurs. Employee dishonesty and abuse/molestation policies are policies which protect your business from financial liability in the unlikely event that one of these negative events should occur.
There are many components with regards to insurance for Contra Costa home health care companies. Many decisions have to be made to ensure that your business is properly insured. Talk with your insurance agent today to discuss your insurance needs and begin making those decisions. Not only will your business be one step closer to legal operation- you will have peace of mind knowing that your business is financially protected!
All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.