Do you operate a hospice facility that is dedicated to giving people a satisfactory end of life? If so, did you know that there are many risks involved in operating this type of business? You need to make sure that all of your clients, assets, and employees are protected. And most of all, you need to be protected too.
What Is Hospice Insurance?
Specialty insurance for hospices is multi-faceted. This type of insurance program is designed to address the unique needs of hospice facilities. Here are just a few things that can be covered with a good insurance program:
- General liability
- Professional liability
- Employment practices liability
- Fiduciary liability
You will also be protected in the event of HIPAA violations, claims of billing abuse, and automobile usage to visit patients at their homes.
What Should You Do?
The first step you should take is contacting a professional provider that offers specialty insurance for hospices. They will be able to assist you in finding the right program for you and giving you the help you need. Getting advice and assistance from trained insurance professionals is invaluable.
Take the necessary steps to ensure that you are operating your hospice facility in a smart and legal manner. Protecting yourself and those around you is important. Now that you know more about specialty insurance for hospices, invest in coverage as soon as possible.