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Posted on 29 Nov 05
AVRECO is happy to announce a new market for nursing homes that is available on both Claims Made & Occurrence Policy forms with an A+ rated carrier.
The program is currently offered to insureds in the following states—MA, NJ, OH, CO, MD, VA, WA, OR, NE, IN, VT, ME, ID, MT, WY, WI, and NY (excluding boroughs)—and targets facilities with 1-3 locations (no large “chains”), with each location quoted separately. Quotes are done on a first-dollar basis, with a minimum premium of $25,000 and limits available at $1mm/$3mm/$1mm for General Liability and $1mm/$3mm for Professional Liability.
A completed application and five years hard copy loss runs are required in order to receive a quote. Some exclusions include no large chains (exceeding three locations), no stand-alone assisted living or independent living operations (must have common ownership with nursing home), no distressed businesses, no risks that have been part of a captive or RRG, and no risks that have had a lapse in coverage.
For more information about the programs available from AVRECO, visit their storefront at http://www.programbusiness.com/tracking/sftracker.asp?Sfid=198.
To obtain a Long Term Care Application or an Assisted Living/Residential Care Application click on their storefronts website link or contact Bill Yurek, President of AVRECO, at 312.294.5625, 312.803.2166 (fax), or byurek@avreco.com for further details.
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