In-home hospice providers offer a valuable service. They give patients and their families the opportunity to spend their final weeks or days together in a familiar place while still receiving the best care they can. However, in-home hospice providers face a certain amount of professional liability risks.
When emotions and loved ones are involved, it can be easy to want to point fingers and assign blame to the hospice provider, even if they offered the best possible care. This is why it is so important to have professional liability insurance for hospice.
What Liability Risks Do Hospice Providers Face?
Hospice providers face a whole variety of different liability risks. One of the most common is a “failure to monitor.” This specific claim generally is made if a family member thinks the provider did not monitor the patient adequately, leading to a dangerous change in the patient’s condition. Other common claims include:
- Lack of communication
- Failure to maintain equipment
- Improper termination of services
- Equipment failure
How Much Does Liability Insurance For Hospice Providers Cost?
Unfortunately, there is no set price across the board for this type of insurance. The cost of liability insurance for hospice providers can vary widely depending on a few factors that include things like your location, your claim history, and the number of workers you have.
Providing at-home hospice care comes with a certain amount of risk. Having the right liability insurance can make all the difference.