Home Healthcare Insurance

Home care is defined as care provided in the home by a licensed healthcare professionals to ensure the activities of daily living (ADLs) are met. In the past, family members took care of their elderly parents or relatives as opposed to placing them in a nursing home or with a home health care agency.

The Future of Home Healthcare Insurance

As the American population ages, meeting healthcare demands of the elderly will continue to rise. A report from the U.S. Census Bureau shows that the population of Americans 65 and older almost doubling over the next 30 years.

So, what does this mean? Baby boomers, a phrase coined to those who turned turning 65 in 2018, are the main group of seniors who make up that group, expected to reach a peak of 83.7 million. As a result of this, we are seeing an increased need for senior care, including home health care. In 1995, there were 11 possible caregivers for every family member needing care. But by 2050 it is projected this ratio will reach four to one.

There are many types of in-demand products and services individuals want for home healthcare including personal care, homemaking, meals, accessibility, activities and safety.

MPL Risk specializes in insuring the senior care industry, having provided comprehensive insurance programs for home care agencies.

MPL Risk provides a variety of Property & Casualty insurance products, that are not only required by various state regulators and licensing bodies, but also essential to keep your business properly protected against claims.  Get a homecare insurance quote with our experts today by clicking here or call us at (267) 888-4790.

We work with

  • Home Care Agencies

  • Home Healthcare

  • Hospice at Home

  • Home Infusion

  • Home Therapy

  • Many more facilities

Our carriers can provide

  • Claims-Made or Occurrence coverage

  • Package Liability Coverage including PL, GL, Sexual Abuse Liability, HNOA, Crime, Business Personal Property

  • Primary Limits of $1M/$3M and Excess Limits available

  • Workers Compensation Insurance

  • Other policy coverages available such as Auto Insurance, Building Insurance, EPLI & Cyber Liability

  • Coverage in all 50 states

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MPL Risk was able to consolidate our insurance policies with one carrier. They explained what we were missing and eliminated unnecessary coverages.

Owner, VA Home Health