Property Insurance for Georgia Home Care Agencies
Many of our Georgia home care clients start by operating from home. As they grow they may rent office space in Atlanta, Savannah, Augusta or Columbus — or even in some cases buy a building and rent to themselves.
Chamberlin & Reinheimer will work with you to customize coverage as your business grows.
Business Personal Property Insurance will cover the company's property at locations listed on the policy and in transit. The property that needs to be insured is office furniture, phone systems, computer systems and copiers / fax / scanning equipment. Some or all of this property may be leased, and as the lessee you are typically required to insure it.
Building Coverage will cover the structure that is owned by the home care agency. If the Building is in the Owner's name / or Real Estate Company and he rents it back to the home care agency then the Building coverage should be in the Owner's name or his Real Estate Company.
Business Income / Extra Expense will cover loss of income and extra expense in the event of a fire that causes property damage to the home care agency's office.
For home care agencies the larger exposure is usually not Business Income Loss. Because mobility is a big part of the business, all you need to do is rent space. The other key is having an offsite backup for your computer system so that essential staff and operating records and consumers' electronic medical records can be recovered. Extra Expense will cover this cost, preventing gaps in the firm's coverage.
One Georgia-specific point worth raising: a Georgia home care agency license is tied to the address on the application, so an office move or an unplanned relocation after a fire is a licensing matter as well as an insurance one. Extra Expense coverage can pay for the temporary space; the Department of Community Health still needs to be told where the agency is operating from.
Frequently Asked Questions
What does Business Personal Property insurance cover for a Georgia home care agency?
Office furniture, phone systems, computer systems, copiers/fax/scanning equipment at the Georgia locations listed on the policy and in transit.
What is Business Income/Extra Expense coverage?
It covers loss of income and extra expenses if a fire or other covered event damages your office, including costs for renting temporary space and recovering data from offsite backups.