Insurance Considerations for Senior Care Facilities

A large portion of the health care industry is related to senior care, and medical facilities that work with older patients may have unique insurance needs. Assisted living communities, nursing homes, and home health care providers are just a few types of organizations that may require senior care insurance. There are several important factors health care providers may need to consider when it comes to choosing the right insurance policy.

1. Medical Malpractice

Northstar insurance understands the industry and they state on their website that that one of the most important types of coverage for senior care providers in medical malpractice insurance. In most cases, medical professional liability insurance provides coverage for expenses related to malpractice lawsuits, such as attorney fees, settlement costs, and medical damages.

2. Abuse Liability

Statistics show that the risk of elder abuse common at nursing homes and other senior care facilities. Abuse and molestation insurance may provide coverage that’s separate from the general liability aspects of a standard insurance policy for health care organizations. This type of insurance may cover settlements, defense costs, compensatory damages, and other expenses related to abuse lawsuits.
Health care providers and communities that work with elderly patients often have insurance needs that go beyond general liability coverage. Senior care insurance policies may include additional areas of coverage, such as abuse liability and medical malpractice liability.