It is not uncommon for people to file claims against hospices for negligence or malpractice. Without some type of hospice coverage, an organization can be devastated by this situation. Defense and settlements costs are usually high, and they can easily cripple a hospice financially. If an organization has yet to acquire coverage, it should contact a provider immediately.
By obtaining general liability insurance, a hospice can gain access to a remarkable source of financial support. Included in this type of insurance are services such as professional liability coverage and abuse and molestation coverage. The former type of coverage is particularly helpful, as it protects an organization in the event that one of its employees made an error that harmed a patient. Also included in general liability insurance is coverage for property damage and personal injury claims.
This type of hospice coverage is the not only one available to organizations. Automobile liability, directors and officers liability, and employment practices liability are all forms of insurance that hospices could find beneficial. Each form of insurance contains its own set of features, and a hospice should review these features to make sure the insurance is an appropriate type of coverage to acquire.
Though legal fees can be extensive, a hospice does not have to handle all of the costs. Hospice coverage can provide financial assistance and ensure that an organization is less overwhelmed.