Your hospice care institution may provide a wide range of services to its clients. Your menu of options for patients may include essentials such as pain management, pharmaceuticals, bereavement care and counseling, medical supplies and equipment, and various forms of emotional and spiritual support for them and their families. These are all valuable methods of service, but they can also open your firm up to unique kinds of risk. You need business insurance for hospices that include the right kinds of indemnity products to address these risks and reduce potential fiduciary losses.
Liability Options for Every Aspect of Your Operations
Your insurance should address the multifaceted landscape of risk you face as a hospice care organization. Your liability comes from interactions between patients and employees, volunteers and possibly independent contractors. You also have interactions between your staff, billing and payment issues, data privacy concerns and more. Injuries from slips and falls is also common in your line of business. When you’re shopping for business insurance for hospices, the full indemnity solution you choose should address several types of financial losses:
- Fines imposed by government agencies
- Litigation fees
- Costs of incident investigation and forensic data analysis
- Public relations expenses
Safeguard Your Organization’s Future
You may be providing short-term services or long-term care for a vast array of clientele. The right business insurance for hospices helps you manage your risk picture. Not only that, you’ll ensure that your organization has the stability and financial health it needs to provide care for your patients for years to come.