Owners of nursing homes have myriad liability concerns they must contend with. This list includes injuries stemming from personal injury incidents, criminal acts, abuse, neglect and medication or treatment errors attributable to staffing shortages, miscommunication or training inadequacies. Nursing home professional liability insurance can minimize the financial devastation that a facility might face if a resident (or visitor) files a claim.
How Do Professional Liability Insurance Claims Unfold?
When filing a claim, claimants generally submit documentation establishing a connection between the incident and their specified losses. They will expect to receive reimbursement of bills associated with the documented physical or emotional injuries that they allege your nursing home or employees caused. They may also demand compensatory damages, such as pain and suffering.
Why Is Having Professional Liability Insurance Essential?
Your professional liability insurance would protect you from having to pay any of the above-referenced expenses personally.
The responsibility to cover a resident’s proven claim would fall entirely on your facility’s shoulders if you did not have insurance, potentially leaving you on the verge of bankruptcy. Laws in virtually every state require nursing homes to procure professional liability insurance to protect the finances and rights of all parties involved.
Procuring nursing home professional liability insurance can protect your interests. Make sure your facility’s current policy offers adequate coverage if an unexpected incident occurs.