What is Assisted Living Facilities Insurance?
Facilities that provide Massachusetts residents with assisted living services have substantial assets and are exposed to significant liability risks. In order to protect themselves, facilities should have assisted living facilities insurance that provides robust protection.
Assisted living facilities insurance is a specially designed commercial insurance that’s intended for assisted living facilities and similar businesses. Because these businesses are exposed to multiple risks, most policies come with multiple coverages that are combined together into a convenient package policy.
What Businesses in Massachusetts Need Senior Living Facilities Insurance?
The vast majority of Massachusetts businesses involved in providing assisted living services should be insured, and many may be required to carry coverage. Some specific examples of businesses that may need this type of policy include:
- Assisted living facilities
- Independent living facilities
- Skilled nursing facilities
- Continuing care retirement communities
Additionally, facilities typically need insurance regardless of whether they operate as a for-profit or not-for-profit organization.