Insurance for Home Care Providers and Agencies in Oregon
Home health aides provide the best care possible for their patients. It doesn’t matter if you are part of a team or working on your own, you are aware of how crucial it is for patients to live in their own home. Helping others is an essential part of your job, but who is supporting you?
BizInsure makes finding small business insurance to protect Home Health Aides in Oregon easy. Insurance is available for home-based health care organizations anyplace in Oregon where you work.
Why become a home health aide in Oregon?
Oregon is the home of many Home Health Aide positions. This could be an excellent opportunity to enter the healthcare field and improve the lives of patients in Oregon.
There are more than 35,500 home health aides and personal care aides in Oregon, according to 2021 data from the Bureau of Labor Statistics. This number is likely to increase in the coming years. Between 2021 and 2031, the number of home health aides across the entire country is expected to grow by 25%. This is much faster than the average expected growth rate for all occupations, which is just 8%.
Home health aides and personal care aides in Oregon earn an average annual salary of $32,190 or an average hourly wage of $15.48. Oregon home health aides may earn more in major cities than in smaller metro areas and rural parts of the state. For example, the average annual salaries for home health and personal care aides in Salem and Eugene are $32,430 and $31,450, respectively.
Why do home health service providers need insurance?
Home health aides provide assistance for those who are elderly, chronically ill, or are living with disabilities. Patients are able to live in safety and comfort at home due to the services that you provide. However, this could expose you to expensive liability claims or lawsuits.
Accidents can happen and you might have to pay compensation to the victim or their family. The cost of litigation and claims is very high. This could cause financial problems and could even mean ending your career. Home care insurance in Oregon helps home health aides and home health agencies protect their finances.
Did you know?
General Liability insurance provides coverage for both actual and unfounded claims made by third parties.
Oregon Home Healthcare Business Insurance
Home health aides and other healthcare professionals often consider many kinds of insurance to safeguard their businesses.
General Liability Insurance
General Liability insurance protects businesses against the risk of third-party injury and property damage. The policy will pay for legal costs as well as the costs of fixing the situation within the policy limits.
The protections are available for meritorious claims and those without merit. General Liability insurance may also be called Commercial General Liability, CGL or “slip & fall” coverage.
What is typically covered?
General Liability insurance covers for claims and lawsuits caused by:
- Injuries to third parties
- Damage to property owned by third parties
A General Liability policy will cover third party claims with no merit. It is expensive to settle claims that are not legitimate. Home health agencies and aides can feel more secure knowing their financial security is covered by a General Liability policy.
What isn’t included?
These kinds of events are not covered under your General Liability Policy
- Personal injuries at work and claims for workers’ compensation
- Property damage
- Intentional damage to a third party’s property
- Incorrect work or mistakes
Your General Liability policy may not be able to cover certain situations. You can find all coverage details in the policy documents.
Professional Liability Insurance
Professional Liability insurance can protect professional service providers from potentially devastating financial damages resulting from alleged negligence or error in the delivery of your services. Both meritless and true claims will be protected by your policy.
What is typically covered?
Professional Liability insurance pays for legal costs that could result from:
- Mistakes, errors or omissions in your advice or recommendations
- Allegations of negligence
- Undelivered services or missed deadlines
- Breaches of contract
Clients typically bring these kinds of lawsuits against you, claiming that your work has resulted in a financial loss for them. Professional Liability policies provide coverage even if there is no evidence to support the claim.
What is not covered?
These events are not covered by Professional Liability Insurance:
- Bodily injury to third parties
- Property belonging to a third party is damaged
- Personal or workers’ compensation injury at work
Please refer to your policy formulation for more details about what is and isn’t covered by your Professional Liability insurance.
Miscellaneous Medical Insurance for Home Care Providers
Home health aides and home care organizations typically require more than one kind of insurance to cover different risks to their businesses. A Miscellaneous Medical Liability package includes a variety of insurances home care businesses often consider.
This includes General Liability and Professional Liability insurance. Cyber Liability is also included to safeguard your company from data breaches, malware attacks and other risks.
Who needs home health care insurance in Oregon?
There are many healthcare professionals who may require home care insurance in Oregon:
- Home Healthcare Aides – Subcontractors, individual contractors, and sole proprietors might require insurance to safeguard themselves and their patients.
- Home Health Services – Protect your small company and your employees by purchasing insurance for home health agencies.
- Other Healthcare Professionals – Nurses, physical therapists, carers and other health professionals might also benefit from having business insurance.
BizInsure offers insurance coverage for home health aides and agencies in Oregon. Start a quote to compare policies in minutes!
How much does home health insurance cost in Oregon?
There are many factors that affect the price of Oregon home health insurance. This is because each home healthcare aide and agency is unique, and these differences will impact the premiums you pay for insurance.
Some of the factors used to calculate business insurance premiums may include:
- Your qualifications and educational background – Are you adequately trained for the job? Do you have the right license to work as an Oregon health care provider?
- Where you work – Care providers who are based near cities, like Portland and Salem, are likely to be paid more than those who reside in smaller towns or counties.
- Your claims history – A collection of previous claims may result in more expensive rates in the near future.
- The level of coverage you need – Higher premiums are usually connected with greater coverage. Clients might need a minimum amount of coverage.
Want to better understand how much business insurance will cost for you? Comparing quotes now.
Frequently Asked Questions (FAQs)
What are the risks for home health providers in Oregon?
Oregon’s home health care providers give exceptional care for their patients. There are particular risks that come when working close to other people at home. Insurance is a way to deal with many of the common dangers you could face.
- General Liability insurance – You accidentally smash and break a costly vase in the patient’s home. General Liability Insurance may be able to assist you as a home-health aide in cases like this.
- Professional Liability insurance – The families of patients depend on your skills and knowledge. You may be subject to a liability lawsuit in the event that your treatment isn’t adequate or if you make a mistake.
- Cyber Liability insurance – Healthcare agencies can store sensitive patient information. Cyber Liability insurance can be helpful if you are the victim of a data leak or another malicious attack.
BizInsure can assist agencies and home health aides to obtain business insurance that can addresses the specific risks you face.
What are the home healthcare aide license requirements in Oregon?
Oregon requires licensing for home healthcare aides. You may still need to meet other requirements to be licensed to work in Oregon.
Its’ recommended that you are certified when you are employed by a Medicare/Medicaid-certified Oregon home health agency.
- Pass a criminal records check.
- Pass a preliminary fitness determination test.
- Evaluation of competence passed.
- Completing 75 hours of training.
- 16 hours of training in support in clinical practice.
You may receive regular training from the agency while you work there.
To become a Medicaid-certified independent health aide in Oregon You will be required to:
- Register with the Oregon Health Authority.
- Pass a state level background check.
- Conduct a background check with the FBI (if you’ve been living in the state for less than 5 years).
After you have worked hard to become a home healthcare aide, you’ll want to protect yourself and your business. Business insurance helps guard home healthcare businesses against common risks they may face.
Business insurance for home healthcare aides can help increase your confidence at work and enable you to perform your important work without worry. Knowing that your finances are shielded from costly claims and lawsuits can provide you with greater peace of mind.
*This information is a general guide only and does not take into account your objectives, financial situation or needs. Always check with your local licensing board when getting or renewing your home health aide license to ensure you are meeting their current licensing requirements.
Learn more about home health care insurance in the states where you work.
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