Why Professional Liability Insurance Is Essential in Companion Care

As America’s elderly population continues to grow at an unprecedented rate, the need for companion care is higher than ever. For providers, having appropriate insurance coverage is imperative.

What Is Companion Care?

Companion care involves assisting elderly clients with daily activities in the comfort and familiarity of their own homes. Care may include meal preparation, housekeeping, shopping, transportation and providing social support. Depending upon the client’s needs, licensed health care professionals may also provide in-home medical treatment, such as medication administration, wound care or physical therapy.

Why Do You Need Companion Care Insurance?

Agencies offering in-home eldercare possess an elevated liability risk, which makes it essential for them to obtain an Entity Professional Liability insurance policy. The rendering of medical services always comes with increased liability. Medication errors and treatment oversights can lead to client injury or even death and can place the agency in a grim financial position if it is not adequately insured.

When working one-on-one in a private home setting with a vulnerable demographic such as the elderly, even non-medical services carry high risk. As reported on, it is quite common for accusations of negligence, abandonment, property theft, and financial, physical or sexual abuse to occur.

Even if a claim is false, without insurance, the agency is left liable and financially responsible. An Entity Professional Liability policy delivers protection in these instances and will cover legal fees and damages in the event of a lawsuit.

Companion care insurance provides security for your agency. This lets caregivers work confidently as they focus on caring for their clients.

Henry Henrynms (Author)