With a couple of hundred nursing home clients throughout the country, we at Spiris understand the unique and comprehensive insurance challenges these facilities face. Constantly changing government regulations, diverse liabilities and an increasingly competitive marketplace make it critical that your coverage be handled by an agent who specializes in these types of coverages, one who can develop a comprehensive insurance program that includes:

• Protection of your physical property, including facilities, grounds and equipment
• Workers’ compensation for employees who face risks ranging from back injuries to latex allergies and exposure to pathogens.
• Professional liability (malpractice) coverage
• Directors and Officers coverage
• General liability coverage

In order to properly price, underwrite and place this insurance your agent needs to understand the nursing home business – the language, the regulations, how nursing homes work, the management structure, etc.

For example, workers compensation and professional liability risks are of particular concern in retirement facilities, and risks vary depending on the relative health and ambulatory abilities of the residents. At one end of the spectrum, where residents can freely move about and maintain their faculties, your workers face the potential of physical and sexual assault, and the residents are prone to slips and falls that can result in broken bones. At the other of the spectrum, where patients are bedridden and cannot care for themselves, your workers face significant risks of back and neck strains and injuries as they lift the patients and turn them in their beds.

Proactive risk management strategies are essential to strengthen your position when facing a potential lawsuit and to avoid becoming a target of frivolous legal actions. We advise every retirement facility to have comprehensive proactive risk management programs in place. These include risk assessments, audits, training, and recommendations for proactive improvements. Most importantly, risk management programs should foster positive and permanent culture change within the organization.

This is our specialty. The experience, knowledge and underwriting relationships we have developed over the years enable us to work with your management team to design a program that reduces your claims and, ultimately, your premiums. Click here and we’ll have a nursing home and retirement facilities insurance specialist contact you about how you can best protect your business while reducing your insurance costs.