Healthcare Staffing Liability Risks Expand with Market
The healthcare industry is experiencing rapid growth according to statistics from the Bureau of Labor who project 5.7 million new healthcare industry jobs will be generated through the next decade. Healthcare support occupations lead medical practitioners and technical operators by a margin of roughly 9%. Home heath aids, physical therapy assistants, medical assistants and nursing professions are all expected to see a substantial rise in demand for help.
The healthcare industry has been steadily on the rise for over two decades. The growing need for healthcare assistants is partially a result of the increase in aging members of the population. According to federal 2012 U.S. Census Bureau data, more than a quarter of the national population is over the age of 55. With an aging population the necessity for home health care dramatically rises.
There are a reported 1 million home health aides already practicing nationwide yet still an increasing need calls for more workers quickly. There is a high turnover rate in the healthcare industry due to the high demands of the positions. Healthcare fields often present attractive economic opportunities for younger and middle aged professionals seeking financial stability.
A lot can go wrong when dealing with healthcare providers. Staffing entities risk professional liability exposure when placing healthcare workers into homes or firms. The healthcare staffing liability risks greatly increases when high demands call for rapid action. Don’t let your staffing clients go uncovered.
At World Wide Specialty Programs, we offer Staffing Agency Professional Liability to protect them against errors. We also offer Staffing Agency Employment Practices Liability Insurance designed specifically to protect your clients’ firm against claims brought on by an applicant or employee for allegations, including but not limited to discrimination, sexual harassment, and wrongful termination. Please contact us today at (877) 256-0468 to learn more about the policies we can offer for your staffing agency client.