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The aging population and desire for individuals to stay in their homes while being cared for has helped to give rise to the home health care franchise industry. Over the past five years, in-home senior care franchises grew at an average rate of 9.1% annually. According to IBISWorld, there are now more than 60 franchise brands, combining for over 6,800 business locations and employment of over 350,000. While home health care franchises have an opportunity to make a real difference in communities, there are also challenges that must be properly addressed for continued success and expansion in this growing market. Among these is the ability to meet insurance requirements through continuity of coverage and strong risk management practices, which enable franchisors and their franchisees to manage their exposure effectively and efficiently and maintain brand integrity.
Manchester Specialty Programs specializes in offering “end-to-end” property and casualty insurance solutions to the home health care industry and can assist you in expanding your footprint in this growth industry. Our top-tier carrier partners are as dedicated as we are in providing a comprehensive “all-lines” national program customized for the home health care industry. Our program includes the following key coverages:
Manchester Specialty delivers insurance products designed to respond to the diverse exposures faced by the home health care sector. Franchisors and franchisees benefit in partnering with us in several key areas:
Our staff is committed to staying abreast of regulatory and other delivery-of-care changes that may result in emerging risks that require developing and enhancing insurance products with our insurers to respond to these exposures. We can also offer co-marketing and branded sales materials to franchisors to help educate their franchisees on the value of our insurance and risk management program to their bottom line, growth and profitability. Most importantly, we offer a unique combination of appropriate coverage, claims handling, loss control services and affordable pricing.
Our experience and commitment to the home care industry goes back to 1976 when our President and CEO’s father, Warren L. Thompson, was the first in the insurance marketplace to design specialized insurance coverage for home health care organizations. Our commitment continues as we focus on serving the broader Home Care, Allied Health and Human/Social Services sector as a leading source of “all lines” insurance coverage. Our programs are exclusively offered through our broker partners, and provide unparalleled underwriting experience, excellent service and competitive pricing. For more information about our programs and becoming a broker partner with us, please call us at 855-972-9399.