Investors and residential homeowners may at some point have a property sitting vacant. Owner-occupied properties may be traded in for larger dwellings, but sit empty during or recently after the transition. Extensive repairs or upgrades may also require that a homeowner leave a property vacant for a long period of time. Investors may have a property sitting vacant in between renters or while the home is waiting to sell.Homes owned by the settling estate of a decedent may also be left empty for an indefinite period of time. Unattended property can be a target for man-made and natural perils. Many insurance companies offer vacant home insurance which protects the property from various unexpected hazards that can occur when a home is temporarily unoccupied.
Protecting Your Property
Fire, lightning, wind, and hail can cause considerable and expensive damage to property. In the time that it takes the owner to repair the damage out-of-pocket, prospective buyers or rental income could be lost. Empty homes can also be targets for vandals and thieves, and during politically volatile climates, vacant properties can be particularly vulnerable. Insurance companies generally have varying policies with different deductible amounts to accommodate the required business need. Damage to property that is out of sight could mean loads of stress on your mind. Protect your property with vacant property insurance.
Hospice care provides support to terminally ill patients and others with serious, end of life medical needs. The constant and delicate attention that is required means that facilities and their health care staff have to adhere to the highest standards of patient care. Having great specialty insurance for hospices will allow you to operate at the highest level while remaining worry free about adverse claims.
Coverage due to Errors or Omissions
All staff members, contractors, volunteers or physicians want to provide the best care possible to hospice patients. Nobody is perfect however, and mistakes will be made. There is a dire financial risk one takes by not securing error and omission insurance. If the hospice services are not provided correctly for whatever reason, the resulting litigation and negative exposure could ruin a hospice facility.
Employee Related Coverage
Employment claims could result in thousands spent in defensive court battles. Current and ex-employees can bring suits against employers for the following reasons:
- Wrongful termination
- Violations of the Americans with Disabilities Act
It is imperative that you obtain coverage that takes pro-active measures when dealing with employee relationships.
Along with protection for these issues, insurance can be extended to cover negligence, billing abuse and data breaches. Whatever the case may be, specialty insurance for hospices will allow for the truly unburdened operation of your business.