CareSurance™ is a brand new liability package policy from CFC that has been specifically designed to cater for the insurance needs of skilled, assisted and independent Long Term Care facilities (nursing homes) across America.
CareSurance™ also includes a unique risk management program which not only makes the nursing home a better risk - it makes them money! Contact us to find out more.
Coverage
CareSurance™ includes...
- Professional and General Liability (including Products and Completed Operations Liability)
- Sexual Misconduct and Physical Abuse Liability
- Employee Benefits liability
- Tenants' Liability
- Medical Expenses cover
- An incident sensitive trigger - a lawsuit does not have to be brought against the nursing home for the policy to respond - it responds to any incidents which could give rise to a claim
(This is only a summary of the policy; reference should be made to the full policy wording).
Target markets
The target market for CareSurance™ is from small single-location nursing homes to large multi-location chains, as long as they are located in the USA.
Cost and limits available
Premiums for CareSurance™ can be very competitive. Our general approach is to reward the well-managed nursing homes with large premium discounts as our analysis of the insurance market for nursing homes suggests that these well-managed homes pay too much.
Limits of up to $5,000,000 per claim and $15,000,000 in the aggregate are available per nursing home, with deductibles from $10,000.
Underwriter Contact
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