Running an assisted living facility is all about protection. For those who need assistance to live independently, you protect them from the potential injury or illness that would occur if they still lived by themselves. For your guests’ families, you protect them from the emotional toll that could come with devoting themselves full time to their family member’s each and every need. For yourself, however, you’ll need insurance for assisted living facilities to protect against potential business hazards.
When a heater goes out or a staff member slips and falls in the bathroom, you’ll need comprehensive coverage to make sure someone repairs the heater, your employee is okay physically and financially, and to keep your daily operations up and running.
When it comes to picking the right insurance for your assisted living facility, the coverage should be an exact fit for the services you offer. If you operate a bus or shuttle or if you provide salon or spa services, a comprehensive plan should cover them. A custom yet comprehensive plan will keep prices low and prevent you from paying to protect nonexistent parts of your business.
Not all companies offer comprehensive insurance for assisted living facilities, so it’s possible your carrier can’t protect your entire business. Make sure to do your research, and you’ll be shielded from the worst.