Risk management strategies for professional caregivers

Dec 4, 2023 · 5 minutes to read

As a professional caregiver, your role is essential for patients to live safely and comfortably in their homes. However, working closely with patients in their personal space creates risks. Common hazards in home care—from miscommunications to injuries—can create problems for you and your patients.

Young professional successful friendly female nurse in blue hospital uniform helping supporting physical therapy senior woman patient walking via four legs walker

A healthcare risk management plan could help you manage common hazards healthcare professionals face that can negatively impact you, your business and your patients.

Why is risk management important?

Every business faces risks, such as accidents, mistakes, wild weather and theft. Fixing the fallout of these business hazards can be time-consuming and expensive. Taking steps to prevent and minimize your business risks could save you time and money in the long run.

Hazards in home care may impact more than just the day-to-day running of your business. They can also negatively affect your patients and their families. In this way, healthcare risk management might also play a positive role in patient outcomes.

5 ways that caregivers can manage business risks

Here are five common home health risks and ways professional caregivers and home health care professionals can manage them in their businesses.

1. Keep your certifications up to date

You may need specific education, training, or certifications to work as a professional caregiver in your state. It’s important to keep these required certifications current to protect your patients and your business.

Certifications you may need to renew include:

  • Continuing education to refresh your knowledge of patient care and safety.
  • Training to review work policies and procedures (if you work for a home health agency).
  • CPR, First Aid and other lifesaving certifications.

2. Perform a home safety assessment for your patients

A patient’s home may not be as safe as they think. Those with new injuries and health concerns may be especially unaware of hazards in their own house. Performing a safety assessment can make patients aware of potential issues and provide them with steps to correct them.

Common risks in patient homes include:

  • Tripping hazards – Power cords, loose rugs or carpeting, items stored on the floor in halls or high-traffic areas, etc.
  • Fall hazards – Slippery baths, showers, tiles and walkways are common causes of falls.
  • Stairs – Aging patients and those with injuries may need to avoid using the stairs or install a chair lift to minimize the chances of a fall.
  • Lighting – Dim or dark rooms may make trips and falls more likely and also make it difficult to read medication labels or instructions from healthcare professionals.

3. Keep detailed patient records

Professional caregivers often work with multiple patients at the same time, each with their own healthcare needs. But, even if you only work with one patient at a time, you may find that their medical requirements are complex.

Accurate record-keeping can help you track things such as:

  • Medications – Ensuring patients are taking the correct dosage at the correct times.
  • Health instructions – Care details provided by doctors, nurses, or other health professionals.
  • Diet – What the patient ate and when.
  • Changes in wellbeing – Physical and mental health changes may need to be shared with the patient’s medical team, family, and other carers.

4. Prioritize your physical and mental health

Caregiver burnout is a huge risk in the healthcare industry. Working with people on a personal level every day can take a toll on your mental health. Caregiving can also be physically demanding, leaving you tired and drained at the end of the day.

Healthcare professionals may preserve their physical and mental wellbeing by:

  • Eating well
  • Following an exercise routine
  • Taking regular rest periods and time off to recharge

5. Consider business insurance

Accidents happen, and they can be expensive for professional caregivers. Lawsuits are an unfortunate and common risk in the healthcare industry. Sole proprietor caregivers may especially want to consider insurance to protect themselves financially.

Caregivers often buy insurance policies, such as:

Professional Liability – Protects your business against claims of negligence, misrepresentation or mistake, as well as document or paperwork errors.

General Liability – Protects businesses against the risk of customer injury and property damage.

Business Owner’s Policy – A combination of policies, combining covers such as General Liability insurance and business personal property coverage, to help protect small businesses from costly interruptions to service.

Creating a risk management plan

Every professional caregiver business is unique, and you may face risks beyond what is covered in this article. Making a list of potential risks to your business and strategies for addressing them could help you avoid many expensive claims.

And for the ones you can’t avoid, there may be insurance to help!

Finding home health care insurance to fit your business needs is easy with BizInsure. Compare quotes online or over the phone and buy in minutes—no complicated paperwork required. You’ll receive proof of insurance instantly, so you can get back to caring for your patients with greater peace of mind.

Get started now.

As with any insurance, coverage will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this guide is general only and should not be relied upon as advice. The number of quotes provided varies between products, occupations and other underwriting factors determined by the insurers.
© Copyright 2023 BizInsure LLC, 2015 ALL RIGHTS RESERVED BizInsure LLC; CA DBA: Simple, Smart, BizInsure Insurance Agency LLC; NY DBA: BizInsure Services LLC; NH DBA: Simple, Smart, BizInsure Insurance Agency; PA DBA: BizInsure Services LLC. 2950 Buskirk Ave Suite 300, Walnut Creek CA 94597. License #0H81929

Get Free Online Quotes and get coverage instantly

The coverage you need for your business.

Business insurance is divided into different policies. We offer 4 types so it's easy to design the coverage that fits your business.

Professional Liability Insurance

Get a quote

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Get a quote

Let's find

The coverage you need for your business

Professional Liability Insurance

Get a quote

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Get a quote

Very satisfied with the online experience
Nicole h
Been a happy customer for years! Easiest company to receive a quote and get insured. No hassles! Easy payment! Finance plans, if needed!
jodi H.
Love it
Hanna R.
Every year, BizInsure is my go to for general and professional liability insurance! Thenrates are unbeatable.
Calandra K.
The agent was quick and efficient in generating a quote for my needs.
Theresa F.
I enjoy working BizInsure they always answer all my questions and make sure i have the correct coverage for my business.
Prompt and professional service from Biz Insure. Thanks Leslie and Liza!
Bev G.
Very easy to sign up for insurance.
Great company
Brown G.
Fast and efficient!
Kim C.
alireza J.
It was great being able to get a policy that suits my company's need in less than 30 minutes. They were vey thorough. Very competitively priced.
Lynette C.
I worked with Andrea for another start up business. She was very knowledgeable and help me pick the correct policy. Amazed at how quickly the process went.
Representative was very kind, helpful, and educated me well. I appreciated today's prompt service with confirmation that I was satisfied with what was provided to me.
Tina P.
Great company for.your low cost business insurance needs.
constantin T.
Staff was very fessional and friendly. I was able to get a quote and move forward within 20 minutes.
Pebbles S.
Complete C.
Super easy process.
Ashley G.
It’s very easy to understand and at a very reasonable price.
Mary M.
Professionalism, Quality, Responsive and budget friendly
Great rates, easy to understand and select appropriate coverage, can get in a jiffy
Brie C.
I have been a customer of BizInsure for a few years now and I love it. There customer service is awesome and the prices are affordable.
Danyale W.
Quick easy experience! The rep was knowledgeable & pleasant. Customer care was awesome to respond and clarify my concerns.
Kathy Ann A.
bizinsurance makes purchasing Business Insurance...SIMPLE!
Andrea W.
Great quality of Service ,faster and convenience way to pay at most. Thank you for your Service to my Healthcare Facility .
Quick and easy!!!!
Great service! Easy process and very informative representative. Andrea was great and very patience with our process. I would recommend using them!!
Terrance R.
Always and easy process. Thanks!
Gerald S.
Renewal was quick and easy online
Angelita K.
I had a great experience working with Andrea from BizInsure. She was extremely knowledgeable, helpful, and responsive throughout the entire process. She guided me through the different options available and helped me find the perfect home care professional liability insurance policy that suited my needs. Her professionalism and expertise made the entire experience smooth and hassle-free. I highly recommend working with Andrea and BizInsure for all your insurance needs.
Juliette S.
Easy to submit an application and to get quotes
Simone S.
I had the most pleasant prompt and professional experience of my life with Bizinsure. Everything was completed in record time, at an unbelievable cost…and my certificate of Insurance was promptly emailed to me. Most of all it was effective immediately. No hassle no back & forth, just great service highly recommend to all small businesses.
Marcia S.
advanced U.
Google Rating
Based on 244 reviews