Insurance for Assisted Living Facilities

You need liability insurance for your assisted living facility to help protect you when things go wrong. In life, you will learn how good your insurance partner is when what can happen does happen. XINSURANCE stands by your side when an accident, incident, claim, or lawsuit occurs. Having liability insurance can protect you from significant financial loss and sometimes can be the difference between staying in business or closing your doors. In some places, insurance may be required.

TRU Umbrella insurance provides an extra layer of liability coverage beyond your existing policies’ limits. It’s a safety net that protects against unusually high losses, ensuring your facility has sufficient coverage for significant claims. Most insurance policies have gaps and exclusions that leave you vulnerable but our TRU Umbrella solution will help provide the coverage you really need.

Yes, assisted living facilities must adhere to federal, state, and local regulations that can impact their operational practices and, consequently, their insurance needs. Non-compliance can lead to higher insurance premiums or difficulty obtaining certain types of coverage.

Facilities should have a comprehensive disaster preparedness plan that includes evacuation procedures, emergency supplies, and communication strategies. Insurance coverage for natural disasters depends on the specific policy – many insurance companies exclude floods, wind, wildfire, etc. XINSURANCE, however, can provide coverage solutions for these natural disasters, even in high risk areas such as Florida and California.

The cost for assisted living facility insurance depends on several factors, including the facility’s size, location, the services offered, the number of residents, claims history, the types and amounts of coverage selected, and more.

Contact us and tell us more about your insurance needs so we can provide a personalized quote.

Yes, XINSURANCE can help you even if you’ve been declined, canceled, or non-renewed by an insurance company. We step in to provide an insurance solution when others can’t or won’t.

Here are some examples of situations where a comprehensive insurance plan can mitigate your risk:

• A member of your nursing team administers an incorrect dosage of medication that leads to a serious illness or the death of a resident
• A resident or family member alleges that a staff member sexually abused or molested the resident
• A passenger van owned by your facility is involved in an accident while transporting residents
• You fail to secure the memory care area of your facility, and a resident with dementia wanders and incurs an injury
• An employee or visitor steals the personal property of one of your residents
• A resident suffers a severe injury after slipping and falling on a wet spot while walking down a hallway
• A boiler explosion causes significant damage to the interior of your facility