As the senior population continues to increase, there will continue to be an increasing demand for high-quality assisted living facilities that allow seniors to retain some of their independence while still receiving help with daily activities. Providing this valuable service carries certain risks, and that’s why it’s important for these facilities to secure the proper assisted living insurance.

Areas of Coverage

Assisted living insurance provides coverage in many important areas, including the following:

  • Professional and general liability
  • Workers compensation
  • Violation of resident’s rights
  • Automobile
  • Property

Securing the appropriate amount of insurance allows an assisted living facility to safely provide services to clients such as transportation, assistance with bathing, cooking, and cleaning, social activities, and more. These activities enhance quality of life and give seniors a sense of independence and worth, all while being cared for in a safe environment.

Benefits of Good Coverage

Assisted living insurance protects facilities in the event of costly lawsuits resulting from accidents or other incidents that are beyond human control. Without insurance coverage a facility would be responsible for bearing the entire cost of damages or loss. Thefts, vandalism, and damage from fires, storms, or other environmental occurrences could result in massive financial losses. Selecting and securing enough insurance to cover potentially devastating losses helps assisted living facilities focus on providing quality services to those who depend on them most.