Insurance Needed To Start A Home Care Agency? - YouTube

hey guys thank you for visiting my channel i  appreciate each and every one of you and those of  

you that are returning welcome welcome welcome and  a super shout out to all of you that are seeing  

me for the first time my name is michelle williams  and many of you know me as coach michele coming to  

you live from the atl today's video is answering  a very important question and that question is  

what type of insurance do i need for my home care  agency guys get your pen and paper this is going  

to be quick no fluff to the point giving you  the information you need to go out and do your  

due diligence so i'm going to give a high level  overview not going into specific detail because  

there's so many different scenarios that will fall  under each insurance that i'm gonna share with you  

do you have your paper and pan okay excellent and  for those of you that are just getting started  

or thinking about getting started definitely um i  am you know someone that can potentially help you  

um so you can visit my website at michelle lee  ellis.com michelle with one l lee ellis.com  

so i would love to hear more from you and see  how i can potentially help you get to the top  

so first insurance business insurance business  insurance is you know say you have um your office  

a commercial space someone comes in and there's  some type of incident or accident there's a fall  

there's an injury or something right so  that's business insurance and then you  

have professional insurance which covers your  services so say there's something that goes  

on with a product or service that you have then  that's going to be covered under personal excuse  

me professional insurance and let me just step  back for a moment if i may i am not an insurance  

guru i don't pretend to be one here on youtube  however i do believe in empowering people to  

make the best decisions possible  so this is a high level overview  

and i want you guys to get a piece of paper  pen write down the different types of insurance  

and then go out and do your due diligence and um  pick the best insurance for your agency based on  

what your needs are so the first one is general  liability the second one is professional liability  

the third one i would say is workers comp you know  so i i strongly strongly recommend even if your  

state doesn't require it because some states will  say oh after your first after your second after  

your third employee baby no before you send  your first caregiver out to a client's home  

i strongly recommend that you have workers comp  it only takes one to actually have an uh accident  

or something happen and you not be properly um  insured so definitely i would say workers comp  

the fourth one i would say would be a death bomb  or surety bond just in case there's a theft right  

so your caregiver may go in may put something  in his or her pocket that doesn't belong to  

him or her right or it could just simply  be an acquisition it could be um you know  

someone accuse you know your caregiver doing  something that he or she may not have done and  

um you his word against your word you know  what i mean so you want to make sure you  

have you know some insurance in case that's a  situation so the next one i would say would be  

you can there is an insurance i don't know  the proper name for it um it's like um maybe  

it's called business insurance so if you um uh  it covers your lost wages right so like think  

about covet and um i'm not sure if covert would be  covered under this but it may it didn't affect me  

so i didn't have to go that route so but um  there is a type of insurance that will cover your  

income your wages so say you know a  pandemic we'll just use that as a uh  

option if you will for this scenario again  i'm not a guru in insurance so this is just  

to enlighten you and give you the knowledge  so you could go out and do your due diligence  

um but some type of insurance business insurance  wage coverage whatever that proper name is there  

is an insurance that will cover your wages in the  case of something happening say say say there's a  

a hurricane or tornado a natural disaster and your  business is destroyed the building is destroyed or  

whatever scenario may apply there is an insurance  to cover your money and again i don't know because  

i know some of you probably are wondering what  about kobe i don't know how that would play in  

this um but definitely that's something that you  can you know talk to your insurance provider about  

as you do your due diligence and or if you  already have this type of insurance and now  

you're wondering okay does this apply um another  insurance i would say look into is like some type  

of umbrella i think is what they call it like an  umbrella insurance you know for sexual assault you  

know you're sending caregivers into the home  of individuals so um you want to be prepared  

right so you don't want to say what if or i should  have so i definitely would say look into some type  

of insurance that covers sexual assault um and  again it may be a writer or an umbrella you can  

have under one of your policies your general  liability or professional liability insurance  

and um if your caregiver is driving your client  to doctor's appointments or running errands  

with the client in the car definitely i  would say have some type of automobile  

coverage for your caregiver and on a side note  definitely check your caregiver's driving record  

because i would never want you guys to be in a  situation where you do all of these things that  

you need to do and you have all of this coverage  which is amazing and then there's an accident and  

your caregiver has multiple moving violations  or multiple dui's or something like that  

that is definitely a huge liability so you want to  check the motor vehicle record the driving record  

the um you know backgrounds and that's a whole  nother video i'll do it another time but you  

want to make sure that you check those before you  say yes to a caregiver driving one of your clients  

now another thing side note that just popped  into my head your service is for the client  

so if you're if your caregiver is driving the  client around to his or her doctor's appointments  

or you know picking up prescriptions or running  errands grocery shopping and things like that  

that's not for family guys so your  caregiver i strongly recommend  

and you can do what you like because it's your  business this is just you know from my experience  

is that i would strongly suggest that your  caregiver does not drive family members around  

so the service is specifically for miss jones you  should your caregiver should not be driving miss  

jones her grandchildren her great-grandchildren  her daughter no this is not show for service  

and that may not be covered under your insurance  it may not be covered under a whole bunch of  

things and even if it is guys even if it is it's  really not worth the liability attached to it  

because people love you until somebody get hurt  people love you somebody get hurt so let's see  

um what is another type of insurance uh i think  i may have covered all of them if i didn't don't  

don't don't hold me for it i'm just trying to give  you as much as i can so let's see we have general  

we have professional we have workers comp we have  a theft bond we have some type of umbrella or  

um rider for sexual assault automobile insurance  and um i think that's it if there's anything else  

jot a comment below and help us out but just um  straight from my head i believe that's it guys  

so again this is coach michelle coming to you live  from the atl just trying to empower you inspire  

you motivate you to get your business started  you guys can learn more about the services that i  

offer on michelles.com check me out on facebook  i'm always dropping gems on facebook at uh i  

am coach michelle and michelle has one out i am  coach michelle and then also on instagram we're at  

home carepreneur home carepreneur for all things  home care and if you just want to check me out  

and get a little uh behind the scenes of what i do  you can check out i am coach michelle on instagram  

as well so take care guys god bless good luck with  your business and remember you got to get started  

many of you have been following me for a very long  time and still on this side of the fence so my  

last word to you today is jump over the fence jump  out on faith do your due diligence you can do it  

it's not saturated there's no there's more than  enough business for all of us so take care god  

bless and i will see you on the next video and  drop a comment below let me know what you think  

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