Home care providers can have high risk of insurance claims compared to other industries, especially related to employee injury.
According to the U.S. Bureau of Labor Statistics:
“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 case of
Business cycles come and go. All the same, companies must make important decisions about hiring and firing without putting themselves at excess risk and preventing employment claims.
As a home care business, your company’s employment practices can be a source of risk. Every day, workers file lawsuits against their employers, with many employment claims targeting smaller businesses in the industry.
By taking the right
Professional Liability insurance is coverage meant to protect your business from a client’s claims of negligence and failure to perform professional duties as required. This is must-have coverage in an industry where mistakes can be costly for clients and home care businesses.
There are many situations your business and employees may find yourselves in where a professional liability claim could be filed. Here
Any medication can be dangerous under the wrong circumstances. Ensuring the best management of a home care client’s medication needs is important, for client health and safety as well as the best interests of home care businesses.
Medication and dosage errors are a common allegation when it comes to claims and lawsuits filed against home care businesses. Without the right safety procedures in
To a client, the home is a place of welcoming comfort and safety. But for home care employees, entering a client’s home will always entail some level of risk. From trip hazards to missing safety devices or employee inattention, there are many opportunities for a claim to arise.
To minimize the risk to employees and clients, it’s important for care workers to make
Employment practices liability insurance protects your home care business from common claims and lawsuits brought by your employees. The number of lawsuits in the industry is rising and the cost to defend yourself against a claim can be substantial. Now more than ever it’s important to make sure your business is protected.
Even though employment practices liability insurance coverage (often
Understanding the inner workings of how an insurance policy is written and managed can be helpful whether you’re shopping for new insurance or already have coverage in place. In this blog, we’ll walk you through the process your Lockton Home Care policy goes through to give you an idea of what to expect.
From the moment you fill out a contact form, you’re
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.
It’s a common misconception that all insurance is basically the same. The thought is that “most types of insurance policies
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 insured against a