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Category: Nursing Home Insurance

Nursing Home Insurance: Benefits and Risk Reduction

Nursing Home Insurance: Benefits and Risk Reduction

Just like any business, nursing homes and extended care facilities must be insured. But with the unique risks involved in the industry, you may be wondering what your nursing home insurance rates cover. What is Covered With nursing home insurance, your benefits can include: Property coverage for facilities Liability insurance Workers compensation Medical expert protection Coverage for vehicles Crime insurance These and other coverages ensure your nursing home facility is prepared for the unique situations that may arise. Reducing Risk…

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Nurses Malpractice Insurance for Your Health Care Facility

Nurses Malpractice Insurance for Your Health Care Facility

In the medical industry a mistake can cost a patient his or her life, and this pressure takes its toll on nurses. Something as unintentional as administering the wrong dosage of medication while under too much stress could make the entire healthcare facility liable for damages. This is why nurses malpractice insurance should be part of any policy. Some Numbers to Consider Even if the facility is small or if the care is home health care, a mistake that should…

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Find Specialty Insurance Coverage for Your Medical Business

Find Specialty Insurance Coverage for Your Medical Business

The healthcare industry is constantly changing and offering new services through hospice and home care businesses. When you need insurance that protects your organization against multiple risks, you need an insurance company that specializes in specialty insurance coverages for the medical fields. The demand for unique medical clinics is growing, as are the regulations and risks that a business faces when it enters the healthcare field. It’s more than just patient safety, it’s also patient privacy, third-party vendors, and medical…

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How Specific Coverage Can Help Your Nursing Home

How Specific Coverage Can Help Your Nursing Home

Some insurance providers offer policies specifically for nursing homes. Because not all providers offer these policies, the nursing home insurance cost can vary. However, it is beneficial for nursing homes to get policies that are specifically designed for them. The Benefits When a policy is specifically designed for a certain business, like nursing homes, it can be quite beneficial. The main reason that a specific policy helps a nursing home is because it was designed for that type of business….

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3 Ways Nursing Home Insurance Benefits Your Entire Family

3 Ways Nursing Home Insurance Benefits Your Entire Family

Everyone gets older, and as a result, there will come a time in everyone’s life where they need to consider getting insurance for nursing homes. Sometimes these facilities are the only way to get the care you need, but some families have trouble covering all the bills on their own. That is why having a comprehensive insurance plan can be incredibly beneficial for everyone in your family. Benefits of Insurance Once you retire, you may no longer have a steady…

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Worker Protection in Insurance for Nursing Homes

Worker Protection in Insurance for Nursing Homes

Caregivers in nursing homes face daily risks inherent to their jobs. Physical handling of patients, administration of medications and assisting residents with everyday tasks provide exposure for negligence and improper procedures. Without sufficient insurance for nursing homes, the institution risks major financial loss. Even if claims are unsubstantiated, attorney’s fees can be formidable.   Coverage for Professionals   Professional liability insurance protects the nursing home against the acts or negligence of its workers. Nurses, aides and therapists on staff are…

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