The senior living industry represents unique risks and liabilities unlike any other industry. Residents in nursing homes require around the clock care. Typically made up of elderly residents and younger adults with physical or mental disabilities, they have a nursing and aide staff at their disposal 24 hours a day. Because of the residents unique needs, the risks they face are highly specific. Here are a few of the factors agents must be aware of when working with nursing homes.
- Falls. Slips or tripping by any resident in a nursing home.
- Nutrition. Providing adequate, nutritious food and drink, including monitoring individual needs or clinical condition.
- Medical care. Medication management, and attention to the prevention of drug-related problems including under-prescribing, improper drug selection, and over-dosage.
- Employee Liability. Make sure staff adhere to the correct standards of care for the residents, 24 hours a day, and are vigilant for any signs of abuse or lack of care.
- Sanitation. Maintaining clean and well-groomed facilities, as well as taking measures to prevent, contain, and treat infections within a nursing home facility.
- Disaster response. Having a disaster response plan in place, in the event of an evacuation, natural disaster, or other emergency. Plan should include ways to contact family members, as well as evacuation routes and procedures.
Above all, the goal of nursing homes is to provide care for frail and impaired individuals, focusing on not only their individual care but an improved quality of life. This is especially more important as larger numbers of elders in the future will have need of nursing homes’ services.
K&B Underwriters has the experience to help nursing homes and other senior living facilities create innovative insurance programs that protect against the myriad of exposures nursing homes face today. Contact us today for more information, or give us a call at 855.883.6306.
Source: Texas Department of Insurance