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Why Nursing Home Facilities Need Liability Insurance

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Nursing Home Liability Insurance

Nursing homes are tasked with taking care of the world’s elderly once they’ve reached a point in their lives where they can no longer care for themselves. This is a very serious undertaking and must be handled with the utmost care and competency. However, there are situations when nursing home facilities fail to provide proper care for their residents and are held liable for injury or death suffered by those in their care.

To help manage the risk of liability lawsuits, nursing homes are able to purchase professional liability insurance which helps to cover financial damages they may have to pay in the event of a lawsuit. This professional liability insurance can be made available in two ways:

  • Claims-Made Basis: coverage under this policy is provided when claims are made against the policyholder (the nursing home facility) and the provider would be responsible for any coverage claims as long as the policyholder has maintained continuous coverage.
  • Occurrence Basis: this policy gives coverage for injuries or damages that take place at any time during the policy period regardless of when claims are reported against the policyholder up to the pay-out limit of the policy.

It is important for nursing home facilities to invest in the preventative measures of liability insurance. While it is great to always work to ensure that you never need to worry about being liable for wrongdoing, accidents can happen and being stuck in a liability suit without insurance is much more damaging than any premiums you’d have to pay.

Additionally, if you or a loved one has suffered at the hands of their nursing home or assisted living caregivers, please reach out to the skilled attorneys at Hupy and Abraham to see if you could seek financial compensation. You can contact us online or call our attorneys at 800-800-5678. Also, feel free to start an online chat any time at hupy.com.

Jason F. Abraham
Managing Partner, Hupy and Abraham

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