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Senior Living Centers: a Quick Summary about Insurance Matters


Senior Homes Insurance

Insurance packages for the senior home are intended for both dwelling buildings and large housing developments that are tailored for the older adult. Assisted living facilities, as well as subsidized properties, like HUD and HFA, may also be included in the coverage.

The following coverage components may be part of the associated packages:

  • Property Liability

  • Commercial General Liability

  • Directors and Officers Insurance

  • Professional Liability

  • Crime Insurance

  • Workers Comp

  • Hired and Non-Owned Auto

  • Incidental Auto Exposures

  • Cyber Liability

 

Assisted Living Facility Insurance

For the older adult that is basically independent but requires certain personal assistance, like meal making, housekeeping and management of their medication, the assisted living facility may be the right solution.

Insurance policies that cater to the assisted living facility, including the facility that accommodates those suffering from early signs of dementia and Alzheimer’s, offer a broad array of coverage options.  

Related insurance provides insurance packages that include professional liability and commercial general liability coverage, among other forms of coverage.

 

Nursing Home Insurance

Nursing Homes need to acquire professional liability insurance to protect themselves from charges of malpractice, as well as errors and mistakes in regard to residents’ care. This usually comes together with other essential coverages in a package:

  • Commercial General Liability

  • Professional Liability

  • Property Liability

  • Crime Insurance

  • Workers Compensation

  • Hired and Non-Hired Auto

  • Incidental Auto Exposures

  • Cyber Liability



PRIME Insurance is a three-generation family-run independent agency. We’re proud partners with many of the leading companies in the industry – big names such as ACE, AmTrust, ASI, ASSURANT, CHUBB, CNA, Employers, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, ZURICH and more. This gives us the ability to provide all forms of nationwide coverage at competitively lowest quotes. Visit us on our online insurance website or email us at PRIME [at] primeins [dot] com or call us at 732-886-5751 and HAVE A PRIME DAY™!

 

Summary: The various stages of senior living needs can be accommodated through senior homes, assisted living facilities and nursing homes. Prime Insurance outlines the insurance requirements here.

 

 

 

 


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