Assisted Living Center Insurance
Do you need assisted living center insurance? Running an assisted living facility is tough but finding Assisted Living Center Insurance can be tougher. One of the many challenges that comes along with running an assisted living facility is making sure that you have the proper insurance policy. There are several types of insurance that you will need to get.
Insurance for Assisted Living Centers
General Liability Insurance
General Liability Insurance is one of the most important types of insurance for assisted living centers. This type of insurance protects you and your business if someone suffers bodily injury while they are at your assisted living facility. Your assisted living general liability insurance policy can cover the person’s claim and medical expenses. This form of insurance can also cover claims related to slander and defamation of character.
Professional Liability Insurance
Professional liability insurance is also referred to as errors and omissions insurance. This form of assisted living center insurance covers you if you or one of your staff members makes a mistake and unintentionally harms a client while providing them services. Negligence and defense costs are covered by professional liability insurance.
Workers Compensation Insurance
Workers’ compensation is another important type of insurance for assisted living centers. One of the key responsibilities is to ensure a safe working environment for your employees. However, even if you work hard to ensure this, things can still go wrong. That is why workers’ compensation is essential.
If one of your employees is out of work due to an injury sustained on the job, workers’ compensation can cover the lost wages. It also covers medical treatments and services that focus on helping the employee return to work.
Commercial Auto Insurance
Commercial auto insurance covers your facility’s vehicles. This type of assisted living center insurance is essential because your insurance policy does not cover company vehicles. Commercial auto insurance helps protect your company’s assets if someone gets into an accident while driving a company vehicle. If you have collision insurance, the policy will also cover the cost of repairing the vehicle. Comprehensive insurance covers a vehicle if it is damaged by something other than an accident, such as theft, falling debris, or vandalism.
Property Insurance
Property insurance covers the building itself. Fires, storm damage, and water damage are some of the damages that can be covered by property insurance. Not only does property insurance cover the building, but it can also cover the furniture and other items.
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