Nursing Home Insurance

Contents insurance can be purchased through a personal lines insurance broker, agent, direct from an insurance company, or online. Start by speaking to the company that you insured your home with, they may be able to offer you a new policy for nursing home coverage with reduced contents amounts or specialized coverage. As mentioned above, you can also ask your children if their home insurance policy would cover you while in a nursing home. You should also consider calling an insurance broker to help you find good insurance in the nursing home. An insurance broker will have more than one insurance company they deal with. Just like using a broker for finding affordable health insurance can help save you time and money, when looking for specialized coverages like nursing home contents insurance, a broker or independent agent will have access to more resources than a captive agent.

Getting Liability Insurance in a Nursing Home

If you move into a nursing home, you may be asked to purchase liability insurance in the same way tenants are asked to purchase renters insurance, or condo owners may be required to carry liability insurance. The reason for this is that as a resident in the nursing home you may become liable for damages caused by your activity there or actions. If you purchase insurance for your contents in the nursing home ask the same insurer about the liability. It may be included.

Liability for Parents in a Nursing Home

If you are looking for liability for parents in a nursing home, then ask your insurance representative if the liability is covered, or if they can offer an extension of liability to cover your parents in the nursing home. Do not assume it is automatically covered. Is your nursing home properly safeguarded against risks? If not, you could face charges from a variety of sources. Nursing home insurance can provide reimbursement if you end up having to pay for problems out-of-pocket.

Many nursing homes face liability issues from the following problems:

  • Negligent Supervision: Elderly patients often need to be supervised, and some patients may even need to be monitored 24/7 to help avoid self-inflicted injury. Stepping away for just a few minutes could leave a patient alone long enough to hurt themselves. Note that supervision is not limited to watching patients. In many cases, employees must actively check for potential problems (places where patients could slip and fall, whether or not patients have been able to get up and move around, etc.) in order to fulfill their legal responsibility to patients.
  • Negligent Hiring: Most employees at nursing homes genuinely mean well; however, sometimes negligent hiring occurs. Employees may actively abuse or neglect the facility's patients, and the nursing home could be held liable for not adequately screening potential employees. Additional training after hiring (or during the hiring process) can help mitigate this, but negligent hiring coverage provides an additional level of security if an employee doesn't work out.
  • Failure to Keep the Facility Safe: Whether it's removing water on the floor or managing patients with an inclination to violence, employees of nursing homes are expected to keep the facility safe for all inhabitants.

Nursing Home Malpractice Insurance

As facilities that provide medical care, nursing homes fall under local and federal regulations regarding the protection of patients. Substandard care can cause serious harm to patients, and in this situation, charges could be brought against the facility or whomever was treating the patient in question.

Medical malpractice insurance can help make a crisis manageable, giving your facility the time it needs to make necessary improvements to ensure the problem doesn't reoccur. Different types of care have different levels of risk, so talk a The CFI Agency.agent today about what kind of medical care your nursing home offers. Once we know exactly what services you provide to your patients, we'll work with you to find a nursing home insurance policy that meets your needs.