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Category: nursing home risk management

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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The Difference Between the Two Types of Malpractice Insurance

The Difference Between the Two Types of Malpractice Insurance

Malpractice insurance is a necessity for people in many different professions. Doctors, lawyers, engineers, architects, nurses and other professionals purchase malpractice policies to protect themselves from lawsuits filed due to errors or negligence. If you are considering professional malpractice insurance, be sure you understand the differences between the two main policy types before you purchase one. Occurrence Policies Occurrence policies cover you for any event that happens during the coverage period, regardless of when it is reported to the insurer….

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How Insurance Can Protect Nursing Home Employees and Residents

How Insurance Can Protect Nursing Home Employees and Residents

If you run a nursing home then you have a very important job that requires a lot of hard work and excellent management skills. In order to provide a quality service for the residents in your facility, you need to employ a large number of professionals with expertise in a variety of fields. If any one of your residents or employees has an accident or becomes injured, then your facility could be in a lot of trouble if it is…

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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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Nursing Home Risk Management From Top to Bottom

Nursing Home Risk Management From Top to Bottom

  The goal of any good risk management plan for nursing homes is to reduce or prevent the types of issues that pose a threat to the health and well being of those being cared for (as well as the workers, visitors, etc.) at the facility. Such risks may include not only injuries, but financial loss and preventable accidents as well.   It is the duty of the staff, management and supervisors to take all the necessary steps to accomplish…

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