What Type of Insurance Should You Have for Your Nursing Home?

If you manage a nursing home, then you know how stressful it is to be responsible for someone else’s care. There are so many things that can happen to unexpectedly drain your nursing home of funds, including property damage and legal issues. In order to keep yourself financially protected so that you can continue to provide quality care to older and disabled individuals, it is important to shop for a nursing home insurance policy that adequately covers your risks. Here are some suggestions for the type of coverage you should have for your nursing home:

General Liability

General liability coverage is imperative for every nursing home insurance policy because it offers protection for a broad range of potential risks. If a visitor to your facility slips on a wet floor and becomes injured, a general liability policy can pay for litigation costs associated with the incident. Additionally, general liability coverage can protect your nursing home from the financial repercussions of damaged property and damaged reputations.

Errors and Omissions

Errors and omissions insurance is another type of coverage that you should have in your insurance policy. It covers lawsuits brought against you by families, residents, or any other party claiming that you or someone on your staff made medical mistakes or delivered negligent care.

If you are currently wondering whether your nursing home is sufficiently protected, talk to your insurance agent and find out if your nursing home insurance policy is adequate for your needs.