ASSISTED LIVING FACILITIES
Insurance Coverage And Assisted Living
Facilities
Assisted living facilities provide a valuable service to their communities by allowing senior citizens who need personal care , medical care , or both to enjoy an independent lifestyle with a little bit of help . But providing seemingly simple services to this clientele is fraught with risks .
WHAT INSURANCE CONCERNS DO ASSISTED LIVING FACILITIES FACE ?
When an assisted living facility is considering what insurance coverage it needs , they should consider these three factors to protect their business and their customers :
• a detailed assessment of the potential risks to which they may be exposed
• the need for insurance coverage for both the owner and residents of the facility
• that the facility be matched with an insurance provider that has the financial strength and coverages that the facility needs
With many different types of insurance available , it can be challenging to identify which ones you need . It ’ s not always as simple as taking out general business insurance and liability insurance . This is especially true where industry-specific risks
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