Minimizing Risk in the Home Care Industry
The range of people providing home care services is diverse. The field encompasses companion care, physical therapists, nurses, and home health aides, and social workers, to name a few.
They treat a variety of conditions, with service ranging from basic companionship and household tasks to intensive medical interventions. The potential for an injury or negative health consequences can be great in a home setting.
Components of a Risk Management Plan
When your business employs caregivers, there are special considerations you should take to develop a risk management plan. Areas that are open to potential risk include:
- Privacy concerns and maintaining compliance with all HIIPA regulations
- Background screenings for employees
- Verification of training and qualifications
- Regional, state, or local certification for all care providers
- Care and liability insurance coverage for all workers and the organization
Companion Care Insurance Can Protect Your Business
When you operate a home care services organization, you should take steps to protect yourself and your employees. One way to do that is by obtaining companion care insurance for your employees and business. It can help you mitigate the impact of claims or allegations covering neglect, improper care, and violations of privacy regulations. Source: Manchester Specialty Programs Insurance.
Understand Your Risks
A comprehensive risk assessment can help you identify any lapses in your current risk management strategy. The right kind and level of home and companion care insurance coverage can help you recover if a claim is made against your business.