Residential care homes
Can a six-bed home get specialty market access?
Yes. The specialty markets that write senior care will write a six-bed licensed home. Size is not the barrier; presentation usually is.
What they need is a submission that describes the operation accurately: the licensure category, the acuity actually served, staffing including overnight coverage, medication practice, and the owner role in daily operations.
That is generally the difference between being quoted defensively as an unfamiliar risk by a generalist and being priced as what you are, which is a licensed care provider with a known and underwritable profile. Operators are frequently surprised that the specialty program costs less than the generic one it replaces.
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More residential care homes questions
Why is a business owners policy not enough for a licensed care home?
Because it has no adequate professional services grant, and a negligent care claim is a professional liability claim.
What changes when we open a second house?
The aggregate basis stops being academic, and a bad year at one house can consume the limits protecting the other.
What if the owner lives in the house?
Two policies each assume the other responds. A homeowners policy generally excludes business pursuits and a commercial policy is not written for personal property.
Do small homes need abuse and molestation coverage?
Yes, and small size arguably increases the exposure, because supervision is thinner and a single caregiver spends unsupervised time with residents.
Do we need workers compensation for live-in staff?
Almost certainly, and live-in arrangements complicate both the compensation question and the wage and hour question.
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