Why an Insurance for Assisted Living Facility
Insurance for Assisted Living Facility South Florida. As an administrator or owner of a senior care and living community, you face unique risks. You are part of a rapidly changing industry that is expanding services and capabilities in order to meet evolving market demands. You are deploying new offerings for patients such as expanded recreational therapies and additional home-like amenities.
Most insurance policies are very hard for the general public to understand, but knowing your benefits will be very helpful in making sure you get what you have paid for. It is very common for insurance companies to decline payment on the first go round. Many times you or an advocate at the assisted living facility will need to contact the insurance companies and discuss these issues in order to get approval. To qualify most companies will require that you need help in at least two areas of ADL’s (Activities of Daily Living) such as bathing, eating, dressing, transferring from bed to chair, walking, and toileting.
As a result, your residential care business is taking on more risks every day.
American Insurance Brokers offers endorsements, protection and bonds tailored to your industry, including:
- Senior Living Commercial Property Protection Plus endorsements
- Emergency evacuation protection
- Flood coverage
- Food contamination protection
- Medicare and health care bonds
- Nursing home care bonds
- Patient trust fund bonds