home healthcare agency insurance
Generally, the average cost of a coverage plan varies based on rates, assessed risks and the state in which your business operates.

Liability Insurance Provides a Firm Foundation for Home Healthcare Agencies

Did you know that approximately 12 million Americans receive health care services in their own homes? From physical therapy to daily companion care, an increasing number of senior Americans—particularly baby boomers—are expected to receive these types of services. Overall, home healthcare provides patients with greater comfort and quality of life, not to mention a notable reduction in health care spending. However, it also presents greater risks than those typically associated with a medical facility. As a result, home healthcare agency insurance is critical for U.S. agencies. While home healthcare agency insurance varies depending on the scope and size of the business, most experts agree that professional liability insurance is one of the most important types you should incorporate into your insurance coverage plan. Professional liability insurance serves to protect you against negligence and malpractice lawsuits. Consider it the foundation on which you can build your insurance coverage as your business grows and develops. Many experts also recommend that your employees carry general liability insurance in the event of a large claim. Once you decide on the types of coverage you require for your business, contact insurance providers for quotes. Generally, the average cost of a coverage plan varies based on rates, assessed risks and the state in which your business operates.

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