As a home health care provider you can be held personally liable for a number of work-related errors and omissions claims. Whether it’s for medical negligence or a cyber data breach exposing sensitive patient information, you can be held responsible even if you are not at fault. It is important to understand all of the liability insurance coverage options offered to you through CM&F. Home health aide or caregiver liability insurance is a basic necessity, but adding on a few additional coverage options below can ensure your career, assets, and future are fully protected.
There are two types of malpractice insurance for home health providers: claims-made policies and occurrence policies. A claims-made policy offers coverage only when a claim is filed during a policy period. Occurrence policies accommodate long-tail situations, or events, that do not produce lawsuits or claims right away. While a claims-made policy may have a lower premium than occurrence, a claims-made policy owner may need tail coverage to protect themselves from negligence claims made after the policy expires.
As a business, malpractice insurance for home health agencies is a must, and each policy comes with workplace liability coverage. To have full peace of mind, businesses should also be covered with general liability and cyber liability insurance.
Home health care liability insurance, also known as home health care malpractice insurance, protects CNAs, caregivers, and aides from legal claims associated with wrongful practice resulting in bodily injury, medical expenses and/or property damage. Professional liability coverage from CM&F includes the cost of defending yourself or business in lawsuits related to such claims.
Workplace liability insurance for home health businesses or agencies protects owners from financial losses resulting from claims of bodily injury or property damage which occurs in the place where the professional services were provided. All of CM&F’s home health business liability insurance policies include workplace liability coverage.
Property damage coverage offers coverage for the damage of the personal property of those in your care, custody or control while performing professional services. CM&F offers limited property damage coverage of up $1,000 as part of the event limits for damage to the personal property of others only, unless otherwise specified in your policy.
General liability insurance for home health care agencies or self-employed providers covers physical risks, such as bodily injury or property damage. It differs from professional liability insurance, which is coverage for errors and omissions in professional services. General liability is available as add-on coverage to self-employed home health providers, as well as home health care business insurance policy holders.
Cyber liability insurance for a home health business covers the cost to recover from a data breach, virus, or other cyberattacks where patient PII/PHI is compromised. It also covers the legal claims that result from a patient data breach. As the risk of cyber hacking grows with the increased reliance on technology in healthcare, every home health care group/agency owner should invest in a cyber liability insurance policy to fully protect the future of their business.
CM&F was founded over a century ago. Through up and down markets, CM&F’s dedication to home health care providers and agencies has never wavered. CM&F remains committed to making it easy and cost-effective to secure vital liability coverage with: