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The Importance of Liability Insurance for Caregivers

The Importance of Liability Insurance for Caregivers
Caregivers are an essential part of our lives. If you haven’t provided care, or needed it - it is only a matter of time. Of course, when it comes to their loved ones, nobody wants to think about what could go wrong. However, since the stakes are so high (especially if your older adult is a high-need patient), it is better to be safe than sorry.

No matter how careful you are, sometimes life just happens. Liability insurance is an important step that caregivers can take in ensuring that they are ready for anything. Here are some of the ways that a caregiver can be insured in case life throws a new challenge their way:

General Liability Insurance

General liability insurance is important because a caregiver assumes the risk of an accident everyday on the job. This could be something as common as an older adult tripping and breaking a bone trying to catch their fall. The caregiver responsible at the time could be drowned in legal fees if sued for the cost of medical bills. A caregiver that has general liability insurance will be covered financially in the situation that they are found liable for such an accident.

Professional Liability

Even if a caregiver has general liability insurance, this does not mean they are insured in every situation. Particularly if a caregiver has advanced medical certifications and training, it is important that they also have professional liability insurance. This will make sure that they are covered for the more peculiar situations that can occur outside of the umbrella of general liability.

Worker’s Compensation

Of course, the patient is not the only one at risk of injury. Should the caregiver themselves experience an accident on the job, it is important that they have worker’s compensation. This will insure that they are covered for the income they lose while out of work, and also medical bills if necessary.
Malpractice Insurance

The stakes are high when it comes to caregiving. Sometimes, one mistake is all it takes to result in injury, illness, or even the death of an older adult under an individual’s care. Particularly in modern American society, it doesn’t take much for a person to attempt a lawsuit when given the opportunity.

A caregiver does not even need to be negligent to be at risk for litigation. In the event of a lawsuit, malpractice insurance will cover the legal fees associated with a caregiver defending themselves - which can quickly skyrocket to more than hundreds of thousands of dollars.

Property Insurance

Caregiving is a twenty-four hours, seven days a week affair. Even one day without a proper office space or medical supplies and equipment can be a huge difference in a caregiver’s ability to take care of patients properly.

Be ready for anything. Property insurance will cover your assets, including everything from theft to natural disasters.

Auto Insurance

Many caregivers provide services that require them to drive: picking up groceries, going to and from medical appointments, and various other errands. If you drive a vehicle for any number of work purposes, it is a necessity to have auto insurance.

Auto insurance can cover a variety of costs, such as those associated with traffic accidents, vandalism, medical bills that result from collisions, and of course legal expenses that may occur.

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