Professional Lines
Assisted Living Facility Professional Liability
The new Assisted Living Facility product represents a significant step forward in the Long Term Care insurance market by recognizing that one size does not fit all. A comprehensive wording, streamlined application process, and unique risk analysis process provides brokers with an unrivalled opportunity to capture a large share of a market representing over 60,000 facilities and generating a GPI of over $1 billion. In addition, we can provide a state of the art risk management program.
Competitive Premiums
With nursing home litigation being one of the fastest growing areas of healthcare liability in the US, premiums in this sector have been traditionally high. However, our focus upon accurate risk analysis and product segmentation means that the best managed facilities can benefit from significant premium savings.
With premiums staring as low as $10,000 this is cover that Assisted Living Facilities cannot afford to be without.
Comprehensive Cover
A reduced premium doesn't have to mean reduced cover. Stuckey & Company's Assisted Living Facility product provides as standard:
- Professional and General Liability (including Products and Completed Ops Liability)
- Sexual Misconduct and Physical Abuse Liability
- Employee Benefits Liability
- Tenants' Liability
- Medical Expenses cover
- An incident sensitive trigger — a lawsuit does not have to be brought against the client for the policy to respond — it responds to any incidents which could give rise to a claim
- Limits available up to $1m per claim and $3m in the aggregate, and deductibles as low as $5,000
DOWNLOADS
- Traditional Long Term Care facility insurance involves a long and complex application process. For Assisted Living Facilities, however, Stuckey and Company provides a streamlined, rapid application process. The application can be completed in less than 15 minutes. You can even send us ACORD™ or competitors’ applications.
- Assisted Living Facility Summary (
34KB) - Assisted Living Facility Application ( 129KB)
- Assisted Living Facility Application - Liability ( 133KB)
