This coverage is an essential coverage for the Home-Based Care industry.
When caregivers are working in private homes, theft exposure exists. Often, in the care of consumers who are affected by memory loss or cognitive impairments, unfounded allegations of theft may arise.
Goodwill Client Hours
Sometimes, even when there is no real proof of theft by the caregiver, a Home Care firm will pay compensation to a consumer or patient, appeasing the individual in hopes of retaining his/her business.
Third party theft will cover theft by an employee acting alone or in collusion with other persons. The limit depends on the policy but generally it is $25,000 and is subject to a $1,000 deductible.