In your line of work there are many risks because caring for patients means you have to ensure that their needs are met. Occasionally, mistakes happen and a claim is made against you but having business insurance in place will give you complete peace of mind.
Professional indemnity insurance has been created to fit around the needs of your business. It will protect your business and its finances from any claims made against you for negligence, incorrect advice or bad workmanship. If you used a hoist to lift a patient into the bath and it fails, resulting in the patient falling then they or their family could make a claim for compensation. Perhaps a patient may be unwell and does not receive the right treatment from you or action in order to make sure that they are comfortable. If your patients and family feel that you have acted incorrectly they will have the right to make a claim against you as they look to recover any losses or receive compensation.
While patients are in your care you have to ensure that they are safe but having public liability insurance in place protects you from claims made by your patients and visitors to your care home. Patients could trip over damaged carpet or visitors could become injured by equipment left in dangerous areas. These could lead to severe injury and financial loss so ensuring that you have this insurance in place will guarantee financial security for your business.