The health care and social assistance industry is an extremely important one that provides employment opportunities to more than 18 million Americans. The health care industry is growing in demand as the Baby Boomers are entering their golden years and the Affordable Health Care Act is providing a larger percentage of the population with health insurance. Social services are also in high demand as many Americans rely on the vital services they provide. If you own a business within this industry, it is important that you protect your investment with a comprehensive commercial insurance policy that is designed specifically to protect your company from the hazards inherent to the health care and social assistance sector.
All business establishments in the United States are classified into various industry sectors and subsectors by the National American Industry Classification System (NAICS). This is done to facilitate the collection, analysis and reporting of financial data for various industries by economists.
The health care and social assistance industry is comprised of businesses that provide health and wellness treatments and social assistance to individuals. These businesses can vary greatly on the amount levels of care and expertise they offer. There are currently 1,463,808 American business establishments classified as falling within the NAICS’s health care and social assistance industry sector. These include the following:
Companies in the health care and social assistance industry face a number of inherent risks and hazards against which they need to be protected. Business insurance providers understand this, and they offer a number of different coverage options so that it is possible to build a policy that is suitable to meet the specific needs of every individual establishment.
Some examples of coverage options that may appeal to owners of health care and social assistance businesses include:
This, of course, is far from a complete list of coverage types that are available with commercial insurance plans. It is a good idea to discuss your coverage needs with an insurance professional who can advise you about appropriate coverage options.
Building a business insurance policy that is appropriate to meet all the coverage needs of your health care or social assistance organization can be an intricate and time-consuming endeavor. Instead of approaching it alone, you can request the assistance of an independent agent in the Trusted Choice® network. These agents are not captive to any particular insurance provider, so they can shop around to find you competitively-priced coverage that is appropriate to your specific business. Best of all, you can have all your insurance solutions housed under one roof.
Contact a Trusted Choice network agent with an office near you for more information and you can soon start comparing quotes on insurance for the health care and social assistance industry.