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Senior Living Liability

Memory care

What do underwriters want to see from a memory care operator?

Controls, with the record to prove them. Memory care is priced on management practice more than on square footage, because the exposures are known and the variation between operators is in how they are managed.

The short list: documented elopement risk assessment on admission and on change of condition; a functioning secured egress system with a testing record; a drill record; staffing ratios for the memory care unit specifically rather than facility-wide; de-escalation training records; and a written missing resident protocol with evidence it has been practiced.

Facility-wide ratios understate what the unit actually runs, and understating it helps nobody at a claim. Bring the unit-level numbers.

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