3 Types of Nursing Home Insurance Coverage That are Essential to Have


Nursing homes provide essential services to the aging population, and it is important to protect these facilities from potentially harmful claims. There are several forms of nursing home insurance coverage, and they are capable of protecting a facility’s workforce and financial assets.

General Liability Insurance

General liability insurance is an essential form of coverage to have. When nursing homes are sued, they are required to pay a number of legal fees, and if found guilty, they may be obligated to pay damages to clients. People sue nursing homes for a number of reasons, including negligence, property damage, and patient injury. Regardless of the nature of the lawsuit, general liability insurance covers most of a nursing home’s legal expenses.

Workers’ Compensation Insurance

When employees sustain work-related illnesses or injuries, workers’ compensation insurance pays for their medical and rehabilitation expenses. State laws concerning workers’ compensation vary, and not every establishment is required to have coverage. Nursing home owners should speak with an insurance broker to determine whether or not their facilities need this type of insurance.

Errors and Omissions Insurance

Errors and omissions insurance offers coverage in the event nursing homes are sued for negligence or failing to provide a particular service. Similar to general liability insurance, this type of coverage pays for a nursing home’s various legal fees.

There are many types of nursing home insurance coverage. With the help of insurance brokers, nursing home owners can secure the proper protection for their facilities.

This post was written by , posted on May 27, 2015 Wednesday at 12:00 pm