Providing Nursing Home Insurance Coverage For Clients

Nursing homes, as well as assisted living centers, often come under fire for not providing adequate care to the residents living in their facilities, which may not always be the case. However, if this is perceived to be the situation then these issues must be addressed. After all, the last thing you want is for your client to be scrutinized by the media as a facility facing charges of abuse or other complaints from relatives of someone living in residence.

But it is exactly these types of risks that they face, which require quite a bit of expertise and understanding of this often complex situation, and brokers can only hope to help nursing homes and assisted living centers when they need nursing home insurance coverage that is required for these, and many other exposures associated with running this type of enterprise.


Nursing homes targeted for improprieties

Due to the nature of their work and the clientele they serve, nursing homes are likely to experience claims of abuse or neglect by the patients in their care or their families. It isnt difficult to find articles or TV news broadcasts reporting on an accusation, and it may also be true that attorneys often target this class of business. While nursing homes come in various sizes to accommodate both small and large groups of residents, the types of coverage needed are fairly consistent, and it requires a high degree of expertise along with a solid commitment and extreme attention to detail.

Brokers working in this arena should be aware that education and training are essential, and therefore it is strongly suggested that anyone handling this class receive all of the training necessary to ensure their competency. The reason being is that this industry represents some unique exposures and may have some significant severity potential.

While in certain areas there may be a limited number of carriers available for this type of risk, as with many types of business, there are often carriers looking to expand and get into new segments, so therefore theyll need to show a commitment to this market and go into detailed explanations about the risks they are willing to insure, which may make their product offering of special interest.

Liability is, of course, one of the more major issues, but property losses are of a concern as well. Ensuring that property values are current is of the utmost importance. Brokers should know everything there is to know about other available lines of nursing home insurance coverage as well.


Boiler Repair and Nursing Home Insurance Rates

While things should soon be warming up, the recent cold climates include the perils of exposure, which can be amplified with broken boilers and freezing conditions in nursing homes. Your clients realize the risk they could be taking by not investing in boiler and machine coverage. The elderly, especially those who are in poor health can run even greater health concerns if exposed to freezing conditions due to broken or malfunctioning heating units.

As a broker, you can explain that nursing home insurance rates for this type of coverage are fairly reasonable, and besides, isnt the comfort and safety of the elderly in their care worth every penny? Having this policy in place gives access to engineers who can repair or replace any heating units in an emergency.

Regular servicing can reduce the risk of a breakdown

Getting a routine service, and taking out boiler and machinery insurance, can actually save a lot of time and hassle should a facility ever experience a boiler breakdown. An annual check-up will also ensure the system is working efficiently and safely.

Obviously if the boiler fails during the summer or on a particularly warm day, it’s not much cause for concern. But if any part of the main heating system fails in extreme conditions, this could result in additional costs if residents have to be moved to another facility or temporary housing until the situation is under control. By maintaining the boiler and other heating units in and around the facility your client can likely avoid needing repairs on a regular basis.

Cleaning the boilers air vents and flues, checking the water levels regularly, and looking for leaks is something that can help to reduce costs significantly. In addition, de-scaling the boiler (if there is a build-up of lime scale) can reduce the likelihood of a malfunction. Also, having it flushed twice a year can clear out any debris that may have accumulated at the bottom over time.

Having a preventive maintenance plan in place is added security that your clients deserve to afford themselves, and this goes a long way towards reducing overall nursing home insurance rates and that frees up money to be used in other areas.

Mechanical Failure and Nursing Home Insurance Rates

Being in the nursing home and assisted living business brings about many concerns for owners. Everything from property damage and personal injury, to crime and abuse claims, and the list goes on. The important thing to remember is that this business is dependent on keeping its residents happy and safe at all times. This is why brokers should urge those that provide products and services necessary to the health of organizations everywhere not to overlook boiler & machinery insurance at affordable nursing home insurance rates.

If a nursing home is forced to evacuate their residents in the dead of winter or the high hot summer months because of a failure to keep temperatures in the facility warm enough or cool enough for those living there to be comfortable then this can become a major issue. A broken HVAC system can result in the facility being shut down, anywhere from a few hours to a few days, and this could end up being extremely costly.

Keeping families satisfied that their loved ones are receiving proper care

No one wants to call and tell a loved one that there mother or father has to be moved because the facility is experiencing a mechanical failure. Sure, this kind of thing might occur from time to time, but with proper scheduled maintenance the odds of a breakdown can be greatly reduced. But accidents and malfunctions can and will occur.

The reputation of the company is of great value, and therefore, reducing the odds of a problem of this nature can provide great dividends. Safety examinations should be part of any regular maintenance program, but when an incident occurs, without the proper nursing home insurance in place, a problem could have resounding consequences. Boiler insurance protects for direct and indirect loss sustained due to a boiler incident. This insurance policy generally includes an annual boiler inspection.

The business of keeping our elderly population living comfortable lives falls upon the many owners and managers of nursing home facilities across the US. This is an area where a lack of proper insurance protection for any and all circumstances is a serious breakdown in management responsibilities. Independent agents should ensure that they provide the best nursing home insurance rates available in today’s flourishing market.

A Guide to Insurance for Nursing Homes

These days many employers opt to purchase insurance to protect their employees and their institution. Healthcare facilities, in particular, face many risks from the day they open their doors. With insurance for nursing homes, operators can rest easy that they are protected against the specific type of issues they might encounter.


There Are Many Types of Insurance Available


There are a variety of insurance policies on the market today. From car insurance to professional liability, companies offer many types of coverage with a range of applications. Some providers offer policies that are customized to suit a particular niche market. There can be big advantages to selecting an insurer that is experienced in serving a particular type of client because they will likely be familiar with the risks they face.


Selecting the Right Policy Is Key


Some providers offer insurance for nursing homes that is specifically tailored to the needs of that market. When shopping for coverage, nursing home operators should start by assessing their risk exposure. Policies might include protection such as:


  • General liability
  • Abuse and neglect
  • Employment liability
  • Automobile, including coverage for facility vans and buses
  • Directors and officers


Nursing Homes Are Well-Served By Policies Tailored to Their Needs


Once a facility operator has a general idea of the types of coverage available, an experienced insurance provider can help identify the particular policy or policies that will be most appropriate for their situation. With any luck, the operator will have insurance for nursing homes that meets their specific needs in no time.


photo credit: Levy Carneiro Jr cc