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Company insurance is intended to safeguard the financial assets of a business owner and is a necessary investment for a home health shop.

Company insurance is intended to safeguard the financial assets of a business owner and is a necessary investment for a home health shop.

This article will discuss the primary insurance coverage for home health shops, general liability insurance, as well as additional policies that are appropriate for this industry.

Home Health Stores Need General Liability Insurance

Every firm, regardless of sector, has risks that should be insured. General liability insurance is the most frequent and comprehensive form of coverage that company owners purchase.

General liability insurance covers the following risks:

Physical harm

Damage to property

Medical expenses

Legal defence and decision

Personal and commercial harm

While general liability insurance is not legally needed for companies, operating without it is exceedingly dangerous. If your company is sued, you might face costs in the hundreds of thousands of dollars (or more). The only way to avoid this sort of catastrophe from destroying your organisation is to have an adequate general liability insurance coverage in place to assist pay for these losses.


Example 1: A prospective client has come in to learn more about the vegan health supplements you provide. He stumbles on a damp floor on his way to the bathroom, shattering his tailbone and fracturing his wrist. He needs emergency transportation and asks that your company cover his medical expenses. Medical expenditures should be covered by general liability insurance.

Example 2: Your company works in a highly competitive market, and a cross-town competitor alleges you stole their logo design. Their picture is protected by copyright, and you know you’ll need legal help. Your general liability insurance will most likely cover your legal defence fees as well as any damages awarded in a case.

Example 3: A consumer is utilising a rolling cart to assist an employee carry some big things into their automobile. The employee loses control of the cart as they exit your store’s rear entrance, causing it to collide with your customer’s luxury automobile. General liability insurance will most likely cover the cost of her car repairs as well as the cost of the damaged products.


Of course, this is not an entire list of risks covered by a general liability insurance policy, and certain situations may result in a specific peril not being covered. To minimise coverage gaps, it’s always better to speak with your agent about the terms of your policy.

General Liability Insurance Cost

Home health care businesses in the United States typically pay between $350 and $750 per year for $1 million in general liability insurance.

The cost of your coverage will be determined by a number of variables. Among them are your:



Employees’ number

Per-occurrence restriction

The overall aggregate limit

You may be able to get general liability insurance at a lower cost if you buy it as part of a business owner’s policy (BOP) rather than as a separate policy. A business interruption policy (BOP) is a more complete option that covers numerous types of coverage, such as business interruption and property insurance.

Other Types of Coverage Required by Home Health Stores

While general liability insurance is the most crucial, there are various different types of coverage to be aware of. Other forms of insurance that all home health care businesses should have include:

Insurance for Product Liability

Product liability insurance is intended to safeguard your firm in the event that a customer or client claims that one of your goods injured them. While your staff works diligently to minimise errors, if a consumer sues, product liability insurance will cover your legal bills as well as any damages awarded.

Insurance for Workers’ Compensation

If you have any part-time or full-time employees, your state will almost certainly require you to get workers’ compensation insurance. This critical insurance coverage not only protects your company but also assists with the payment of medical bills and missed income if your workers are hurt while performing job-related responsibilities or get sick as a result of a workplace accident.

Coverage Options for Some Home Health Care Stores

In addition to the insurance listed above, your home health shop may need a few more kinds of coverage based on particular features of your business. Some of them may not apply to you, so be sure to ask your agent whether policies are appropriate for your company.

Insurance for Commercial Vehicles

If you use a corporate or personal car to do business, you must get commercial auto insurance. This comprehensive coverage will pay for vehicle damage and medical expenses in the case of a traffic accident. If you or an employee is determined to be at fault for the collision, this policy will pay repairs and medical expenses for anybody in the other car.

Umbrella Insurance for Businesses

Most claims against your company will be covered by general liability insurance. However, your main insurance restrictions may be reached at some point. For example, a large lawsuit may surpass your primary coverage, leaving you liable for the remaining damages. If this occurs, business umbrella insurance will kick in to cover the outstanding legal fees and save you from having to pay them out of pocket.

Additional Security Measures for Your Company

Although investing in company insurance is simple (and necessary), it should not be your first line of defence. Yes, insurance will reimburse your company for cash losses incurred as a result of an occurrence, but it is much preferable to avoid losses altogether.

With this in mind, here are a few steps you can take to better secure your company:

Make use of legally binding contracts and other business agreements. (We provide free templates for several of the most often used legal forms.)

To safeguard your personal assets, form a limited liability company (LLC) or a corporation. (To discover how to incorporate an LLC or company in your state, see our step-by-step tutorials.)

Keep your company licences up to date.

Streamline the internal procedures of your company. This will eliminate unneeded variables from routine activities and establish a secure, consistent environment in which to do business.

If your company is an LLC, you should check into LLC insurance.