Demand for assisted-living facilities, nursing homes and retirement communities is expected to balloon in the next two decades as baby boomers retire and the incidence of progressive illnesses increases. The number of Americans over the age of 65 is expected to double to 71 million by 2030, and a projected 7.7 million of them will suffer from Alzheimer’s disease, a 50% increase from today, according to the Alzheimer’s Association. This represents an uptick for construction development of retirement and assisted living housing and an increased need for all those professionals that make up the fabric of senior living care.
| Senior living encompasses a broad category of long-term care options for individuals looking for as much or little assistance as they need or want – from assisted living facilities and nursing homes to independent living communities and continuing care retirement communities (CCRCs). K&B Underwriter’s DigniCARE program, offered exclusively through our broker partners, is specifically designed to meet the insurance and risk-management needs of these and other eligible facilities today and into the future as the industry grows and faces new challenges. | Eligible Facilities:
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Helping your clients protect against loss, minimize risks.
Our experience in eldercare over the years has enabled us to develop a program that addresses the various exposures to which senior living facilities are vulnerable. We not only provide proprietary forms to insure against loss but also offer a host of risk management services that take a proactive and caring approach in mitigating exposures: For example, this includes everything from putting into place measures to minimize additional liability exposures due to higher acuity levels, patient falls, and increased federal and state regulation; to providing safety programs and employee training to control workers comp cost drivers and employment practices issues; and establishing protocols for caregivers to stem professional liability claims related to medication administration, abuse allegations, and other risks facing physicians, nurses, and others; and much more.
With DigniCARE, you can secure a full portfolio of coverages for your clients that includes providing protection for Professional Liability, General Liability, Employee Benefits Liability; Sexual Misconduct; Commercial Property; Business Auto, and Workers Compensation. What’s more, your DigniCARE insureds have access to host of risk management services at no additional cost.
Our highly specialized underwriters created a program specifically designed for senior living.
Please give us a call at 855.883.6306, complete the form on this page, or look at our territory map to locate an underwriter near you to find out more about the K&B difference and how to partner with us as a broker.
