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Home Healthcare Agency Insurance

Insurance for Home Healthcare Agencies

Home healthcare agencies are a vital resource for millions of American families, playing an essential role in the lives of patients with disabilities or chronic illnesses or those on the road to recovery. They also bridge the care gap for seniors who want to age in place.

The ever-increasing demand for services has grown the home healthcare industry into a nearly $300 billion annual business covering more than 600 million patients each year.

From an insurance standpoint, this service industry creates some unique exposure issues primarily because it’s centered on a large, deployed workforce in a high-touch industry. However, despite your agency’s employee-heavy profile, there are ways to mitigate the risks.

Protect Profits with the Right Insurance Coverage

While you’re already aware of the necessity for workers’ compensation insurance, the bigger consideration lies in the potential lawsuit that can come out of a workers’ compensation claim. You must consider labor law or third-party action over coverage for your protection. This liability insurance is used when an injured employee sues a third party for their injury after they have collected workers’ compensation benefits. “Action over” refers to the act of a third party submitting a claim to the employee’s employer because of their contractual relationship.

To make sure you’re covered for such incidents, it’s essential to have your existing policies thoroughly reviewed. Central Insurance Agency is staffed nationwide with industry experts who will conduct an accurate line-by-line assessment of your current policies to identify any hidden risks or opportunities for cost savings, always focusing on protecting your business for growth.

Get It Right – Right from the Beginning

It’s all too easy to misjudge or miscategorize assets and risks on your insurance applications, which can result in unnecessarily expensive policies or, worse, denial of coverage. However, with a careful review, proper documentation, and strategic policy development, Central Insurance Agency can help even hard-to-insure clients find quality coverage.

Don’t Sweat Insurance Audits

In addition, members of the CIA team are also available to audit your current policies, identify errors or omissions, help you correctly classify employees, create insurance packages that meet your needs, and advise on ways to incorporate insurance costs into fees.

CIA Knows Home Healthcare Agency Insurance

CIA is a home healthcare insurance agency that offers general liability, workers’ compensation, professional liability, excess umbrella, commercial auto, employment practices liability, and bonding insurance. CIA brokers work with a wide range of insurance carriers nationwide, so they have many options for customizing the best policies for your business. How can we help you?

From the moment I engaged Central Insurance, I was impressed by their professionalism and depth of knowledge in the insurance industry. They took the time to understand the specific requirements of my business and conducted a thorough analysis to identify potential risks and areas that needed coverage.

What sets Central Insurance apart is their personalized approach. They truly went above and beyond to provide tailored insurance solutions that addressed the unique needs and challenges of my business. Their attention to detail and dedication to finding the most comprehensive coverage at the best rates were remarkable. Moreover, Central Insurance exhibited a deep understanding of the ever-changing insurance landscape.

They stayed abreast of industry trends and regulations, proactively suggesting adjustments to my insurance policies to ensure I remained adequately protected against emerging risks. I am grateful for their contributions and look forward to a long-lasting professional relationship.

– Mark Gatien, President, Community Care Home Health Services, Smithtown, NY