insurance for intellectual and developmental disability centers
Westwood will work with you to ensure your intellectual and developmental disability center clients have adequate coverage for every threat they could face.
General Liability Insurance
General Liability insurance cover medical expenses and attorney fees which result from bodily injuries and property damage that your company or organization could be legally responsible for.
Professional Liability Insurance
Professional liability insurance, also known as errors and omissions insurance (E&O), protects your business against claims of negligence, malpractice, errors, and omissions which may have occurred during the fulfillment of a professional service.
Directors and Officers Liability (D&O) insurance
D&O insurance (Directors and officers liability insurance), shields the personal assets of company directors and officers, and where necessary, their spouses, from claims which could arise as a result of the decisions they made and actions they took within the scope of their regular duties.
Cyber liability insurance covers the financial costs associated with a breach of your cyber security, such as a ransomware attack. It also covers first party costs including event management, data restoration, financial costs to third parties, network interruption, and cyber extortion.
HNOA, (hired non-owned auto insurance) is designed for organizations who regularly hire vehicles or require employees to use their own vehicles in the course of their work. In the case of an accident where your employee was liable, it could cover physical damage to that other person’s vehicle, medical expenses, the cost of hiring an attorney to defend your business.
Workers’ Comp. Insurance
Workers’ compensation insurance covers your employees for workplace injuries or illness. It provides them with medical and wage benefits.
This coverage is mandated by each state, with the wage and medical benefits varying from state to state. Workers compensation also protects business owners from civil suits by workers who become injured on the job.
Employment Practices Liability
Employment practices liability insurance (EPL insurance or EPLI), covers employers (PDF) against claims made by employees for:
- Discrimination (based on sex, race, age or disability, for example)
- Wrongful termination
- Failure to promote and other employment-related issues
Environmental Liability insurance
Environmental Liability insurance is liability insurance specifically designed to protect environmental liabilities. This is a specialized form of general, commercial liability insurance that provides financial protection against litigation and clean-up costs resulting from claims of injury or damage caused by pollution, contamination or hazardous waste disposals.
Property Insurance covers unexpected damage or loss to property. The policy can be purchased to cover both structures and contents, which are separate policies in many cases. Property Insurance covers physical structures, not land. Medical facilities and aged care facilities need property insurance to cover the real property and all fixed items such as furniture, medical equipment, art works and tapestries.
Crime Insurance covers the insured party a reimbursement if their property is damaged due to a crime. Crime Insurance usually has a huge range of options and comes in different forms. It can be either a rider that can be attached to the existing insurance policy, or it is available as a completely separate product.
Auto insurance is a type of liability insurance coverage, usually mandated by law, for all mechanically propelled vehicles. It provides protection against losses resulting from traffic accidents and against liability that could also arise therefrom. A medical or aged care facility would typically have auto insurance on their fleet of vehicles as well as for any vehicles transporting patients to and from the facility.
Fully/Partially Funded insurance
Partially Funded insurance gives facilities the opportunity to pay a set premium for, and then in turn is partially covered for specific risks.
Fully Funded Insurance allows facilities to pay premiums to have coverage against all risks. In return, if they are unfortunate enough to incur any of the covered loss or injury, they are reimbursed their insurance policy amount.
Excess and umbrella coverage
Excess coverage provides an additional layer of protection over and above what an underlying policy provides. It applies to a single policy only.
An umbrella policy on the other hand, provides additional liability coverage over and above what is provided by a number of underlying policies.
intellectual and developmental disability centers require special coverage
Intellectual and developmental disability centers face many challenges today. They must deal with changes in funding, heightened regulation, and more public scrutiny than ever before. At the same time, they must provide high-quality care to their patients and families.
This is no easy task. intellectual and developmental disability centers must be creative and adaptable to meet the demands of today’s changing landscape. Here are some of the challenges they face:
Changes in funding
Intellectual and developmental disability centers rely heavily on government funding. However, this funding is not always stable. Center directors must be prepared for changes in funding levels, which can impact the quality of care they are able to provide.
Due to increased public scrutiny, intellectual and developmental disability centers are subject to more regulation than ever before. Center directors must ensure that their facilities meet all state and federal regulations.
More public scrutiny
Intellectual and developmental disability centers are under greater public scrutiny than ever before. This is due in part to high-profile cases of abuse and neglect at some facilities. As a result, center directors must be transparent in their operations and be prepared to answer tough questions from the media and the public.
Providing high-quality care
Despite all of the challenges they face, intellectual and developmental disability centers must provide high-quality care to their patients and families. This includes meeting the unique needs of each patient, providing compassion and support to families, and maintaining a safe and clean facility.
Intellectual and developmental disability centers must also manage a large staff of employees. This can be a challenge, as center directors must find ways to motivate and support their staff while also ensuring that they are meeting the needs of their patients.
When advising intellectual and developmental disability center clients on insurance, you should first ensure they are protected from liability claims. The center itself should be covered by General liability insurance, while individual professionals should have professional liability insurance.
As the center is an employer, they should have workers’ compensation insurance in place in the event that an employee is injured on the job.
Despite the challenges faced by intellectual and developmental disability centers, it is important to remember that they provide vital services to their patients and families. These centers play an important role in our society, and we must do everything we can to support them.