How to Choose Insurance When Launching Your HHA Business

Published on: 10 January 2019 Last Updated on: 24 February 2020
HHA Business

If you have decided to make a career in the home healthcare aide industry or set up a home healthcare aide agency, you already have a fair idea of how to set up your business. You know what kind of qualifications you need, or you must seek in your employees, and know what inherent qualities, such as compassion and patience, are needed to succeed in this field.  However, many HHA agencies start out without a comprehensive insurance plan covering them, and this can prove to be a dangerous lapse.

Take a look at some facts that were outlined in a report by NERA Economic Consulting, commissioned by the U.S. Chamber Institute for Legal Reform.

  • In the year 2008, small businesses in America paid up a total of over $105 billion towards tort liability.
  • Small businesses absorbed about $35.6 billion of tort costs and paid from their funds, not through insurance.
  • Medical malpractice costs plus other tort liability cost for small businesses amount to over $133.4 billion.

The fact is that no small business owner wants to think about being dragged into a lawsuit when they are just about to embark on the business, but this is not something that can be ignored. The potential costs are simply too high, and they can push your fledgling business to the brink of ruin. Remember that letting a claim go unchallenged is not a very good option for you either, since your inaction may be taken as an admission of guilt by potential/future clients. This could impair your future business drastically. Given the disastrous consequences that a lawsuit against your agency can have, it makes business sense for you to get insurance cover in place as one of your top priority items when you set up your HHA agency. This also true if you are setting up a non-medical HHA agency. In fact, take a look at this step by step guide to setting up such an HHA agency, and you will see insurance coverage listed here as one of the critical tasks to do.

Can liability insurance cover you effectively?

The answer is a resounding YES! A savvy business owner knows that insurance is a simple, effective way to protect the business financially. Legal issues tend to run up bills that can be huge, even if you can prove your innocence and do NOT have to pay damages. There are costs associated with fighting your lawsuit, remember, and without the right insurance in place, it is your business that absorbs all these costs. To prevent this, you need to opt for the right kind of insurance plans to cover all your bases. Take a look at what you need:

General liability insurance explained: This is broader base insurance that is often referred to as business liability insurance.  For example, if your aide accidentally damages some medical equipment that is at the patient’s place when they are operating it, this insurance may kick in to cover any costs arising from legal claims made against you for property damage or bodily injuries resulting from your services or operations.

Malpractice liability explained: This insurance coverage kicks in when a claim is made against services you or your aide have provided. There may be patients or family members of patients alleging that you/ your aide were negligent in duties or there was a failure to perform services as claimed or that you gave wrong advice that led to some detriment to the patient. In any such situations where you are accused of a lapse in medical care that has led to some harm to the patient, your malpractice liability insurance helps cover the risk.

Wrap:

Knowing how your insurance plan protects your business helps you tackle legal claims with confidence, challenging allegations that are falsely made against you. Talk to your insurer and understand the many benefits that your insurance plan provides because this may be your lifesaver in a challenging situation with a client.

Read Also:

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

what companies are in the consumer services field

What Companies Are In The Consumer Services Field?

What companies are in the consumer services field? If this is the answer that you are looking for, you have come to the right place.  As most people across the world are still coping with the damaging effects on the economy as a result of the outbreak of the pandemic caused by covid-19, there are many of us who are looking for jobs across all sectors. That is the reason why many people are also asking about the jobs in consumer services. Keep reading this article till the end to learn more about what companies are in the consumer services field… What Is Consumer Services? Before talking about what companies are in the consumer services field, it is important to throw some light on what is consumer services. So here I go! Consumer services is a field that deals with several other sectors. In this field of work, there are several organizations that work to satisfy the demands of the clients or customers. These organizations help the clients to meet their personal or professional needs by following certain strict guidelines. The service guidelines are important for these organizations in the consumer services field to meet the demands of the customers. Answering, “What Companies Are In The Consumer Services Field?” If you want to know what are the companies that are there in the consumer services field, then you have come to the right place. Most of the companies that deal with customer satisfaction and aim to deliver their demands are a part of the consumer services. Large and reputed companies like Amazon and KFC are all a part of the consumer services field. According to reports, there are more than 450,000 companies that are in the field of consumer services in the United States of America alone. Here Is A List Of The Some Of The Companies That Are In The Consumer Services Field👇 Walt Disney CompanyStarbucksApplesPfizerAmazonAirbnbHiltonWalmartTargetBank Of AmericaUberSubwayKFCMcDonald’sTalkdesk What Are The Types Of Companies In The Field Of Consumer Services? Now that you have read what are some of the best companies that are a part of the consumer services, you must have already figured that this field of work is one that is full of variety. From hospitality to education and health, there are a lot of opportunities in the field of consumer services. Here are some of the types of companies that are present in this field: 1. Hospitality Services Hospitality services are one of the most important fields or sectors in the line of consumer services. These companies aim to achieve customer satisfaction through their services. There are many companies that are a part of this sector, like Airbnb and McDonald’s. The consumer services companies that are a part of the hospitality sector include those like food and hotels. 2. Finance Services There are many people across the world who have started to build their own companies. However, they need to get loans in their initial days. This is where companies that provide financial services and help come to the scene. If there is one thing that you must know about these companies, then it is the fact that they are different from banks. The services are much more personal than that of a bank. 3. Content Writing Services If there is something that we know, it is the fact that digital marketing is growing and how! And in order for digital marketing to be great, you must have great content that you put up on your website. This is the reason why many people have started taking help from organizations that provide content writing services to their clients. With the help of the quality content, these growing websites are able to meet their target audience and expand their reach. 4. Web Designing Services Considering the fact that everything is becoming digitized and digital marketing has taken over the world, it is no news that you will need a web designer in order to have your own website. That is the reason why there are many companies that provide web designing services to their clients. This is one of the fastest-growing as well as one of the most in-demand jobs in the field of consumer services. Frequently Asked Questions (FAQs): As you have almost reached the end of this article, I hope that most of your queries have been answered. Nevertheless, here are some of the questions that readers frequently ask about what companies are in the consumer services field. You might want to take a look at them. 1. How Many Jobs Are Available In The Consumer Services Sector? Consumer services are one of the most important and growing sectors in the world. As a result, there are many jobs that are available in this field of work. According to reports from the Bureau of Labor Statistics of America, there are more than 2.9 million jobs that are available in the consumer services field. 2. What Are The Highest-Paid Jobs In Consumer Services? There are many jobs that are available in the field of consumer services. Some of the jobs that pay you well in consumer services are:1. Bank Teller2. Concierge3. Technical Support Engineer4. Receptionist. 3. How Many Sectors Are There In Consumer Services? There are many sectors that are an important part of the consumer services sector. Here are some of them:1. Education Service2. Hospitality Service3. Health Service4. Retail And Wholesale Wrapping It Up! Consumer services are one of the most growing areas of jobs in the world. This field of work is very popular as it gives the employees a lot of opportunities to delve into other career options. Some of the most important areas of work in the line of the consumer services are hospitality, retail and wholesale, education, and others. In case you have been looking for the answer to “what companies are in the consumer services field,” then I hope that this article has been of help to you. If you have any other queries about other consumer services, then feel free to write in the comment box. Read Also: Is Consumer Services A Good Career Path?Is Electric Utilities Central A Good Career Path?Is Marine Transportation A Good Career Path?

READ MOREDetails
Label Designing

The Dos and Don’ts of Product Label Designing

Product labels have always been part and parcel of product branding. If you don’t create a good one, it will severely affect your sales. Doing your own product labels is a fun and easy task if you know what you are doing. You need a basic understanding of the dos and don’ts of product label making if you want to do it by yourself. If you haven’t got a clue, don’t worry! We can help you out. We listed a few key things you need to remember if you are going to be designing your own product labels. Check them out: Dos Do focus. Match the colours, fonts and images to your chosen theme and layout. It’s not good if you have a messy concept. The final result will be chaotic, and it can do more harm than good to your company. The key is balance. It’s not good if you have too many elements on the label. Do go for unique. You don’t need to settle for ordinary. You can do whatever you imagine, and it’s best if you let your imagination run free. Going for a unique look can make your product stand out. Do something simple. There is beauty in simplicity. Don’t go overboard and make your label design too colourful or loud. It will attract the wrong kind of attention. Going for something simple is better since minimalism is all the rage nowadays. Do ask for help. Ask for help from someone you know to help you design if you are having some trouble. It may be a close friend of yours who is quite skilled at handling design software. If you don’t have anyone, you should hire a graphic artist or an illustrator. They can undoubtedly assist you in bringing your creative concepts to life. If you are already set, consult your family and friends and ask for their opinions. They may suggest having a few details changed that could help you improve your label. Don’ts Don’t scrimp on the budget. To make a well-designed product label, it will take a great deal of time, effort and patience. But, more importantly, you need to allocate a portion of your budget to make a great label. If you use high-quality materials and advanced labelling systems to create your product label, then, naturally it will come out beautifully. Don’t pick hard to read fonts. The most challenging thing to do in label designing is selecting beautiful but readable fonts. Here are the top 12 most easy-to-read fonts you should use: Georgia Helvetica Open Sans Quicksand Karla PT Sans & PT Serif Verdana Futura Ubuntu Rooney Roboto Lato   These are a few things you should and shouldn’t do if you are going to design your product labels. Following these will make sure that you only get the best results and you will have a compelling product label that you can use.

READ MOREDetails
Workers Compensation

Top 5 Benefits Employees And Employers Get from Workers Compensation

If you own or operate a business and do not currently have a compensation plan in the case of a workplace injury, you are not only taking a dangerous gamble, but you may also be breaking the law. Worker’s compensation is required in most places and even where it isn’t, that doesn’t absolve the employer from their responsibility. For those who aren’t sure exactly what benefit this type of business insurance provides, here are 5 examples for both you and your employees: Benefits for Employers: Worker’s compensation is also invaluable to employees, as the complications that can arise from a workplace injury are numerous. Here are some of those benefits: 1. Limited Liability Employers are typically protected from lawsuits filed by employees who are injured on the job, as long as they have worker’s comp insurance in place. This can help to limit the employer's liability and financial exposure in the event of a workplace injury. 2. Reduced Absenteeism With this insurance in place, employees can receive treatment and benefits for their injuries, which can help to reduce absenteeism and keep employees on the job. 3. Increased Productivity By providing employees with the resources and support they need to recover from their injuries, employers can help to increase productivity and reduce the impact of workplace injuries on their business. 4. Improved Employee Morale When employees feel that their employer cares about their well-being and is willing to support them in the event of an injury, it can help to improve employee morale and reduce turnover. 5. Compliance with Legal Requirements Workers comp is typically required by law, and employers who are found to be non-compliant can face penalties and fines. Maintaining coverage helps employers to avoid these penalties and stay in compliance with legal requirements. Benefits for Employees: Before you can make an educated decision on what type of coverage your company needs, the first thing you have to understand is what worker’s comp provides for your business. You can see more at https://www.employers.com/workers-compensation/. 1. Medical Treatment and Expenses Employees who are injured on the job are entitled to receive medical care and costs related to their injury. This can include things like doctor's visits, hospital stays, and physical therapy. 2. Temporary Disability Benefits If an employee is unable to work due to their injury, they may be eligible for temporary disability benefits to help replace their lost income. 3. Permanent Disability Benefits If an employee's injury results in a lifelong disability, they may receive permanent disability benefits to help compensate for their loss of earning capacity. 4. Vocational Rehabilitation Some employee compensation programs provide vocational rehabilitation services to help injured employees return to work. This can include job training, retraining, and other services to help employees regain their earning capacity. 5. Death Benefits In the event of a workplace death, the employee's dependents may be eligible for death benefits to help cover expenses and loss of income. Where to Find the Right Worker’s Compensation Coverage for Your Business There are many different types of policies, depending on the size of your company, local laws and regulations, as well as what service or product you provide. A little bit of research and a few simple questions will let you know what’s best for you and your employees. Read Also: 7 Best Employee Recognition Awards Ideas Why In-Company Training Results in Better Employees How to Get Your Employees to Use a Time Clock App

READ MOREDetails