Insurance For Nursing Homes

What type of insurance do I need for my Senior Care business?

Most Nursing home businesses have a Business Owner's Policy called a BOP. A BOP is a great becasue it combines three general insurance coverages and saves you money.

We recommend these products as a base:

• Business Owners Policy: A business owners policy, also known as BOP insurance, combines various insurance coverage with additional protection into one convenient package.
• General Liability Insurance: General liability insurance provides businesses with financial protection in the event that they cause harm or are alleged to have caused harm to individuals or their property.
• Professional Liability Insurance: Professional liability insurance, which is also referred to as errors and omissions (E&O) insurance, provides protection for business professionals such as attorneys, consultants, and accountants against claims related to negligence or errors in their ser

How Much Does Nursing Homes Insurance Cost?

• The size of your business
• How many employees work for you
• If you keep customers information stored in a data system
• If you have trucks or vehicles or tow equipment

Your Nursing home business may also need other types of business insurance, like:

• Commercial Auto Insurance: Commercial auto coverage pays for injuries and property damage caused by an auto body shop’s pickup or other vehicle. It’s required in most states for business-owned vehicles.
• Commercial Umbrella Insurance: Commercial umbrella insurance coverage is designed to protect an organization against monumental liability claims that can demolish a business through a large financial judgment.
• Cyber Insurance: Cyber insurance, known as cybersecurity insurance or cyber liability insurance, provides coverage for the potential losses a business may experience due to a data breach or cyber attack.
• Workers Comp Insurance: Workers' compensation, commonly referred to as "workers' comp," is a government-mandated program that provides benefits to employees who suffer injuries or become ill as a result of their work or while on the job.

Similar professions and Nursing Homes business insurance?

• Adoption agencies
• After-school youth programs
• Daycare centers
• Foster care centers
• Group homes
• Nursing homes
• Senior centers