The enhancements include a new A.M. Best “A+” rated market with coverage available on a Claims Made basis in all 50 states, and a new risk management program that uses a holistic approach to help senior living providers evaluate their enterprise risk.
“Our goal is to help our agents identify and secure the best insurance and risk management solutions for their Senior Living clients,” said Bryan Baird, President of K&B Underwriters. “With our singular focus on Senior Living, our 50-plus years of underwriting and sales experience, and our significant program size, we are the best prepared to provide agents with the security of insurance and the means to improve their clients’ operations.”
DigniCARE features General Liability, Professional Liability (incident sensitive), Excess/Umbrella limits up to $5 million, and Abuse and Molestation Coverage, with options for Package coverage. Coverage is available for nursing homes, assisted living facilities, independent living facilities and Continuing Care Retirement Communities (CCRCs).
DigniCARE risk management services will be provided by K&B Risk Advisors and its affiliated partners. These services will go beyond focusing just on the clinical aspects of risk management to offer a look at the enterprise across various systems, evaluating such areas as employee safety, satisfaction and employment practices. This approach is designed to help K&B clients:
• Identify and address quality issues that will have the greatest impact on reducing their cost of risk
• Benchmark them with industry peers
• Chart a roadmap to improve industry ranking
• Increase resident census
“Providing values based risk solutions is a vision the company was founded on, and we are extremely excited for DigniCARE to bring this vision to fruition,” Baird said. “By helping agents and their clients take the right approach to business practices, the result will lead to increased occupancy and a healthier more predictable bottom line for Senior Living Providers.”
About K&B Underwriters
K&B Underwriters, LLC is an insurance program administrator providing values-based risk solutions to the senior living industry. K&B was founded in 2004 and is based in Reston, Va. Through its DigniCARE Risk Solutions program, K&B provides comprehensive coverage options and in-house risk management solutions for all types of senior living facilities.