More than 70 million people are expected to live longer today than the previous generation. Because of this, the senior living industry had anticipated that an increased aging population would require a model that goes beyond the traditional assisted living and nursing home option. As result, Continuing Care Retirement Communities (CCRCs) sprouted up throughout the country, designed around the concept of aging in place, whereby someone comes to live at an independent living facility, progresses to assisted living, and eventually moves to skilled care as needed. Basically, CCRCs are for active adults desiring a senior housing option with independence, choice and social connections.
Traditional CCRCs provide housing, a great deal of amenities and a guarantee that assisted living and nursing home care will be available, if and when needed. In addition to these brick-and-mortar communities, there is a trend to offer a “continuing care program without walls”. The primary focus of these programs is helping people stay healthy and independent in their homes for as long as possible. This model brings what’s needed to the individual for those that want to age in place at home.
K&B: Insuring all types of senior living.
As a leading program administrator in senior living, K&B Underwriters offers, through its broker partners, an innovative solution designed to help mitigate risk and insure CCRCs today and into the future. Our comprehensive insurance program, DigniCARE, addresses the diverse exposures faced in this industry, and our values-based risk management approach provides proactive support and programs that put the wellbeing of the residents first and empowers an organization’s entire staff through engagement. This innovative approach helps facilities mitigate risk, stem losses, control costs, grow their bottom lines and build an environment that enables them to do what they do best: value the dignity of each and every individual and continue to deliver care in a compassionate manner.
As a K&B broker partner, you can provide your clients with the following key coverages through DigniCARE: General Liability, Employee Benefits Liability; Sexual Misconduct; Commercial Property; Business Auto, Workers Compensation. In addition, K&B provides DigniCARE insureds with a host of risk management services at no additional cost.
Contact our specialized underwriters to discuss our program for continuing care retirement communities.
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.