When people get older, many of them will move into a nursing home or assisted living facility. If you are the owner of one of these facilities, your top priority is to make sure your residents are taken care of and are comfortable. However, owning an assisted living facility comes with a great amount of responsibility as well. You are expected to provide help to residents for countless vital things each day. When handling these important duties, incidents are bound to happen at some point. Because of this, it is vital that you look into insurance for assisted living facilities.
What Can be Covered By Assisted Living Facility Insurance?
This type of insurance can cover you in a variety of different circumstances. You can be covered if someone suffers bodily injury or if someone’s property is damaged. You can also be covered in situations where negligence occurs, such as during the administration of medical or professional services. In addition, you can obtain coverage for your property in case it gets damaged by events like fires, burst water pipes, or storms.
What Can Not be Covered By Assisted Living Facility Insurance?
Assisted living facility insurance cannot provide coverage for your employees while they are working. If you want to provide coverage for your employees, you should look into workers’ compensation.
If you are the owner of an assisted living facility, it is vital that you protect your business in case something goes wrong. Having the right insurance can make a huge difference!