As the population continues to age, demand for senior care services grows. Along with this comes unique risks that can be addressed with senior care facility insurance, helping you safeguard your residents, staff, and operations.
Different types of senior care facilities face different risks. Coverage should be tailored based on the type of care provided:
Assisted Living
Companion Living
Hospice Care
Independent Living
Memory Care
Retirement Communities
Respite Care
Skilled Nursing Facility
Facilities that provide pharmacy services or durable/home medical equipment may also have specialized coverage needs.
Medical Director’s Liability – Even if the director doesn’t treat patients directly, supervisory duties can still result in claims of negligence or errors.
Medical Malpractice & Administrative Defense – Helps cover legal costs related to state licensing boards, peer review, credentialing, and other regulatory matters.
Senior care facilities often operate in shared environments, which can create specific challenges:
Emergency Evacuation Expense Insurance – Reimbursement for costs if residents must be evacuated.
Emergency Event Management Expense Insurance – Protection in case of violent events or disease outbreaks.
Business Income Coverage – Helps offset lost income if the facility must close temporarily.
Facilities may face claims of abuse or molestation. Coverage options include:
Abuse & Molestation Insurance – Covers defense costs and potential damages.
Innocent Party Insurance – Protects employees defending against criminal allegations.
Reputation is vital in senior care. Coverage to consider includes:
Public Relations Expense Insurance – Helps cover costs associated with criminal investigations, administrative proceedings, or claims from alleged violations of laws.
Even with specialized coverage, standard business insurance remains important:
General & Commercial Liability – Protects against property damage and injuries.
Business Auto Insurance – Covers company vehicles and staff transportation.
Employment Practice Liability Insurance – Protects against harassment or discrimination claims.
Cyber Liability Insurance – Safeguards sensitive resident and staff data from breaches.
Workers’ Compensation Insurance – Covers employee injuries on the job.
Property Coverage – Ensures medical equipment and other valuable property are fully protected.
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