Liability Insurance for Assisted Living, Skilled Nursing, & Long Term Care Facilities
A New Assisted Living Facility (ALF) Insurance Program
Featuring a comprehensive wording, streamlined application process, and a unique approach to risk analysis. This product has been designed to meet the specific needs of Assisted Living Facilities across the US. In addition, we can provide a state of the art risk management program where required.
Competitive Premiums
Premiums starting as low as $3,500 plus applicable fees and taxes.
Comprehensive Coverage Including:
- Professional & General Liability (incl. Products & Completed Ops Liability)
- Sexual Misconduct & Physical Abuse Liability
- Employee Benefits Liability
- Tenants' Liability
- Medical Expenses cover
- An Incident Sensitive Trigger - a lawsuit does not have to be brought against the client for the policy to respond - it responds to any incidents which could give rise to a claim
- Limits available up to $1 Million per occurance / $3 Million in the aggregate
- Underwritten by an eligible surplus lines carrier
Specializing in: - Risk Management
- Adult Living Facilities
- Claim / Loss Evaluation
A New Skilled Nursing Facility (SNF) Insurance Program
A comprehensive liability insurance program designed to meet the needs of Skilled Nursing Facilities across America. The SNF version provides broad professional and general liability cover for SNF with aggregate limits up to $15,000,000 and a unique risk management program.
The innovative risk management program makes the facility a better risk and uniquely, makes it money. The Data Integrity Audit (DIA) increases government reimbursements by an average of $1,000 per month for most LTC facilities by ensuring accurate coding of the Minimum Data Set (MDS).
Competitive Premiums, Limits & Deductibles :
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Premiums are based on each facility’s level of risk – well managed facilities receive discounts, others have the opportunity to start the program and reduce risk and premiums at renewal.
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Limits of liability available up to $5,000,000 each claim / $15,000,000 aggregate with deductibles starting from $5,000 and premiums as low as $20,000 per facility plus applicable fees and taxes.
Broad coverage including :
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Professional Liability
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General liability (either on a claims-made form or an occurrence form both include product & completed ops liability)
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Sexual Misconduct & Physical Abuse Liability
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Employee Benefits liability
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Medical practitioner liability
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Medical expenses cover
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Evacuation expense reimbursement
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Computer virus and hacking attack liability
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Non-owned and hired automobile liability
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Liability for damage to hired or leased automobiles
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Brand protection cover
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Court attendance costs
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Tenants’ Liability
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Indemnity to mortgagees, landlords or lessors of leased equipment
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An incident sensitive trigger – a lawsuit does not have to be brought against the client for the policy to respond – it responds to any incidents which could give rise to a claim
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The policy can wrap around specific state insurance funds if required
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Underwritten by an eligible surplus lines carrier
A New Long Term Care (LTC) INSURANCE PROGRAM
A comprehensive liability insurance program designed to meet the needs of Skilled, Assisted and Independent Long Term Care Facilities that are looking to protect themselves against catastrophic events. It’s been specifically designed to meet the demands and specific risk profile of both skilled and assisted living facilities, offering a $5,000,000 catastrophe layer either standalone or in excess of primary liability cover. By designing the policy to react specifically to multi-resident catastrophe events provides the right cover without the unnecessary costs.
This policy is triggered by any event specifically identifiable in time and place (e.g. fire, flood, hurricane or single source abuse) where five or more residents bring a claim against the facility.
There is an inner limit of $1,000,000 per resident and an additional deductible of $10,000 per claimant. This ensures that the policy only responds to genuine multi-resident catastrophe events, matching the demands of the modern nursing home and makes this policy more cost effective.
· Competitive Excess Premiums, Limits & Deductibles:
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With aggregate limit of $5,000,000 and a deductible between $500,000 to $5,000,000.
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Premiums starting as low as $10,000 for $1,000,000 of cover.
· Key features include:
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Highly competitive way to purchase excess liability cover for long term care facilities
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Professional and General Liability (incl. Products & Completed Ops cover)
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Sexual Misconduct and Physical Abuse Liability
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Available as a standalone policy or in excess of existing liability cover
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All risks trigger, subject to the event being identifiable in time and place
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An incident sensitive trigger – a lawsuit does not have to be brought against the client for the policy so respond-it responds to any incidents which could give rise to a claim
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No compulsory risk management
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Aggregate limit up to $5,000,000
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Deductibles starting at $500,000, but dependent on the limits of primary policies (where applicable)
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Premiums from $10,000
Contact us to get a quote: 407-645-5000 or e-mail
