Why Being Mistaken for Home Health Care can be Problematic for Companion Care Businesses

Companion care businesses are often misunderstood. Many believe that companion care businesses offer services including medical home health care, palliative care and hospice care. When this happens, companion care businesses and their caregivers may not receive the service they require. This can be especially true when it comes to insurance coverage. Insurance partners who are unaware of the nuances of [...]

How to Pick a Business Insurance Partner

Choosing an insurance company to protect you and your business can feel overwhelming. There are a multitude of companies on the market, they all want your business, and it can be difficult to distinguish amongst them. When buying caregiver business insurance, it can be helpful to follow these guidelines to ensure you select the best insurance partner: Explore your insurance [...]

Preventing Caregiver Theft and Protecting your Business’s Reputation

Like you welcome caregivers to your business with the expectation of trustworthiness and honesty, your clients welcome caregivers into their home with an expectation of the same. Unfortunately, claims of theft occur frequently. Whether caregivers actually commit the theft or clients make allegations without certainty, claims of theft are some of the most common claims against home care businesses. Consider [...]

Protecting Your Home Care Business against the Impact of Inflation

Gas prices, labor costs, supply chain disruptions, the impact of inflation. Not only is the average consumer experiencing these challenges, businesses are too. According to a recent survey by the U.S. Chamber of Commerce, one in three (33%) small business owners now rank inflation as their highest concern. And in response to those concerns, 67% of small business owners have [...]

Common Home Care Business Claim Examples

There are numerous common claim risks home care businesses face. From accusations of theft against caregivers to workers’ compensation injuries, claims against home care businesses can vary greatly in severity and damage. Read on to learn 4 common home care business claims and how you can protect your business against them. Common Home Care Business Claims – Auto Liability As [...]

A Brief History of Insurance

"Don’t put all your eggs in one basket" is a very old saying and, in many ways, it’s still the basis for the modern insurance that helps protect your business. Insurance began with people seeking to control the dangers they faced by spreading out the risk among larger groups of people and making agreements to help one another in the [...]

2024-06-10T19:03:31+00:00January 20, 2022|Companion care insurance information|0 Comments

5 Most Common Insurance Misconceptions

Lack of good information has led to plenty of misconceptions about insurance in the home care industry. We wanted to take the opportunity to set the record straight about the 5 most common insurance misconceptions out there. 1. All insurance is basically the same. It's a common misconception that all insurance is basically the same. The thought is that "most [...]

Home Care Insurance 101: The Strangest Types of Insurance

Insurance exists to protect you and the things you've worked hard for from future unknowns. Many people want the peace of mind knowing that they won't have to face a sudden loss on their own. While many people are familiar with popular consumer insurance products such as car insurance or life insurance, almost anything that can be named can be [...]

Insurance 101 for Home Care Businesses

Home care insurance can be confusing. Coverage exists to protect your business against a broad range of risk exposures, often using terminology you may not be familiar with. We created this insurance 101 for home care businesses article as a refresher, to help you easily understand your home care insurance coverages, key terminology and important policy document and claim information. [...]

Why Prompt Claim Reporting Matters

It's hard to make an accurate prediction of the outcome when a liability claim first comes to your attention. Some incidents resolve simply, while others do not. However, for home care businesses that delay the reporting of a claim to their insurer, the outcome is almost always worse than it otherwise could have been with prompt reporting. The timing of [...]

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