With the number of baby boomers gradually reaching retirement age, it’s no wonder that the projected number of nursing home facilities and other care facilities is expected to nearly double by the year 2050. In fact, in 10 short years, the number of elderly residents in the U.S. is expected to reach 71 million. This huge increase is due to the wave of Baby Boomers retiring in the next decade along with the general aging of the population. This tidal wave of aging baby boomers will need medical services offered by skilled nursing facilities.
Finding the right nursing home insurance coverage for your clients’ nursing home facility is vital to safeguarding their assets, property, employees, and even patients. Caitlin-Morgan Insurance is an industry expert in comprehensive nursing home insurance programs that allow for perfect protection of your clients’ most valued assets.
Coverage Options for Nursing Homes
An important resource for the aging population, nursing homes (or skilled nursing facilities) is still businesses. All businesses that employ workers and receive clients have a plethora of liabilities that require comprehensive and competitive insurance coverage. Caitlin-Morgan Insurance provides access to a variety of coverages to meet the needs of all nursing home businesses.
- Professional Liability Insurance
- General Liability Insurance
- Excess Liability Insurance
- Property Coverage and Business Interruption Insurance
- Automobile Insurance
- Boiler and Machinery Insurance
- Crime Insurance
- Workers’ Compensation Insurance
- Directors and Officers Liability Insurance
Each of the different insurance coverages offered allows for a competitive and comprehensive nursing home facility insurance coverage package to meet the needs of all nursing home facilities from smaller nursing homes to conglomerates. As a leading expert in nursing home insurance coverage, Caitlin-Morgan Insurance can handle all your insurance needs.
Nursing Home Risk Management
We also understand how important it is to minimize losses when adversity falls upon a nursing home facility. A strong risk management program focuses on identifying emerging and existing risk areas for our clients. By developing policies, protocols, and procedures, our expert team can aid all nursing home facilities to prevent, manage, and reduce any risks.
Click here for a quote from Caitlin Morgan Insurance Services today to find out how we can help you solve your nursing home and assisted living insurance needs.