Insurance Program Results
LTC Carriers Turn to CCRCs
Crittenden expects carriers in the long-term care segment to begin building their books with continuing care retirement communities due to the more favorable loss profiles. Because CCRCs encompass independent living, assisted living and nursing care in a single setting, these facilities have an easier time transitioning patients through the continuum of care, leading to fewer handoff mistakes and a higher quality of care and patient satisfaction.
The allure of CCRCs could be muddied in the future. Rising claims for assisted living facilities — generally related to a delay in moving patients to higher acuity care facilities — have produced higher pricing in various venues, sometimes negatively impacting CCRCs that often incur similar exposures with their assisted living and skilled nursing components. And exposures for CCRCs will only increase, as will pricing, with some facilities expanding services to provide more services, blurring the definition of a CCRC. (10/6/2013)
Beazley Breach Response Select
Administered By: Beazley
Distribution: Direct/Broker
| Industries: |
Accountable Care Organizations (ACOs), Acupuncturist, Allied Health, Art Galleries/Fine Art/Museums/Antique Dealers, Assisted Living Facilities, Chiropractors, Civic Clubs (Nonprofit), Colleges & Universities, Continuing Care Retirement Communities (CCRCs), Day Spas, Dentists, Education & Nonprofit, Emergency Response Services (Ambulance), Gastroenterologist, Health Maintenance Organization (HMO), Healthcare Systems, Hospice, Hospitality (Hotels/Motels), Hospitals, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Independent Living Facilities, Laboratories, Lawyers, Long-Term Care Facilities (LTC), Managed Care Organizations, Massage Therapy/Therapists, Mental Health/Behavioral (Counseling/Counselors), Midwives, Non Emergency Transportation (Medical), Nurse/Staffing Registries, Nursing Homes/Skilled Nursing Facilities, Opticians, Pharmacies, Pharmacists, Physicians, Podiatrists, Private/Charter Schools, Psychiatric Facilities/Hospitals, Psychologists, Rehabilitation Facilities, Research/Research Organizations (Clinical, Etc.), Retail, Schools, Schools (Adult Education), Substance Abuse Rehabilitation Facilities & Services, Surgeons, Therapy/Therapists, Weight Loss Clinics |
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Carriers: Beazley Insurance Co. Inc.
Coverage: Cyber Liability, Excess, Umbrella/Excess
Limits: up to $5 million
Eldercare
Administered By: Hanover Insurance Group
Distribution: Carrier Direct
| Industries: |
Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Independent Living Facilities, Long-Term Care Facilities (LTC), Nursing Homes/Skilled Nursing Facilities, Senior Living Facilities |
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Carriers: Hanover Insurance Group Inc.
Coverage: Excess, General Liability, Professional Liability, Umbrella/Excess
Limits: up to $5,000,000 (Excess over GL/PL and auto. Excludes abuse and molestation and punitive damages.), up to $1,000,000 (Abuse & Molestation)
Long-Term Care
Administered By: Markel
Distribution: Direct/Broker
| Industries: |
Adult Day Care, Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Home Healthcare, Hospice, Independent Living Facilities, Long-Term Care Facilities (LTC), Nursing Homes/Skilled Nursing Facilities, Senior Living Facilities |
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Carriers: Markel Corp.
Coverage: Commercial Auto, Excess, General Liability, Professional Liability, Umbrella/Excess
Limits: up to $10 million (Umbrella & Excess), up to $1 million (Primary)
Long Term Care Facilities (Professional & General)
Administered By: TDC Specialty Underwriters
Distribution: Carrier Direct
| Industries: |
Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Independent Living Facilities, Nursing Homes/Skilled Nursing Facilities |
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Carriers: TDC Specialty Insurance Co.
Coverage: General Liability, Professional Liability
Limits: up to - $1/3 million, $2/4 million (Primary), up to - $10 million (Excess)
Long Term Care Liability
Administered By: Ironshore
Distribution: Direct/Broker
| Industries: |
Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Independent Living Facilities, Long-Term Care Facilities (LTC), Nursing Homes/Skilled Nursing Facilities, Senior Living Facilities |
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Carriers: Ironshore Inc.
Coverage: Employee Benefits Liability, Excess, General Liability, Professional Liability, Umbrella/Excess
Limits: up to $10,000,000 (Follow form/Umbrella), $1,000,000 - $3,000,000 (Professional Liability), up to $25,000 (Disinfection Event Expense), $5,000 - $25,000 (Resident Loss of Property), up to $100,000 (Evacuation), up to $100,000 (Public Relations), $1,000,000 - $3,000,000 (General Liability), $1,000,000 - $3,000,000 (Employee Benefits)
Senior Living & Home Care
Administered By: GuideOne Insurance Cos.
Distribution: Direct/Broker
| Industries: |
Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Home Healthcare, Hospice, Independent Living Facilities, Long-Term Care Facilities (LTC), Nursing Homes/Skilled Nursing Facilities, Senior Living Facilities |
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Carriers: GuideOne Insurance Cos.
Coverage: Commercial Auto, Commercial Property, General Liability, Professional Liability, Workers' Compensation
Limits:
HealthcarePros (Senior Care)
Administered By: U.S. Risk
Distribution: MGA
| Industries: |
Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Independent Living Facilities, Long-Term Care Facilities (LTC), Nursing Homes/Skilled Nursing Facilities, Senior Living Facilities |
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Carriers: Lloyd's of London
Coverage: General Liability, Professional Liability
Limits: $100,000/$300,000 - $1 million/$3 million
McGowan Senior Care
Administered By: McGowan Program Administrators
Distribution: Program Administrator
| Industries: |
Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Home Healthcare, Long-Term Care Facilities (LTC), Nursing Homes/Skilled Nursing Facilities, Senior Living Facilities |
|---|
Carriers: Lloyd's of London, Munich Reinsurance America Inc.
Coverage: Abuse & Molestation Liability, Employee Benefits Liability, Employment Practices Liability (EPL), General Liability, Hired & Non-Owned Auto, Professional Liability
Limits: up to $2 million/$4million (Also available), up to $1million/$3 million (Primary Liability)
Residential Care (James River)
Administered By: James River Insurance Co.
Distribution: MGA
| Industries: |
Adoption/Foster Services & Facilities, Adult Day Care, Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Developmentally Disabled Services/Facilities, Hospice, Independent Living Facilities, Long-Term Care Facilities (LTC), Mental Health/Behavioral (Counseling/Counselors), Nursing Homes/Skilled Nursing Facilities, Psychiatric Facilities/Hospitals, Rehabilitation Facilities, Respite Care, Senior Living Facilities, Substance Abuse Rehabilitation Facilities & Services |
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Carriers: James River Insurance Co.
Coverage: Excess, General Liability, Professional Liability
Limits: up to $1 million/$3 million (Primary), up to $15 million (Excess Property via Excess Property Division), up to $5 million (Excess over multiple underlying coverages, supported/unsupported)
Senior Care Insurance
Administered By: McGowan Program Administrators
Distribution: Program Administrator
| Industries: |
Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Independent Living Facilities, Nursing Homes/Skilled Nursing Facilities, Senior Living Facilities |
|---|
Carriers: Lloyd's of London
Coverage: Deadly Weapon Protection Liability
Limits: $1 million - $25 million (Additional Limits), up to $250,000 (Standard Limits)
Aging Services
Administered By: CNA
Distribution: Carrier Direct
| Industries: |
Adult Day Care, Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Home Healthcare, Hospice, Independent Living Facilities, Long-Term Care Facilities (LTC), Nursing Homes/Skilled Nursing Facilities, Rehabilitation Facilities, Respite Care, Senior Living Facilities |
|---|
Carriers: CNA Insurance Cos
Coverage: Commercial Auto, Employee Benefits Liability, Excess, General Liability, Professional Liability, Property, Umbrella/Excess
Limits: $10 million Occurrence - $25 million Claims-Made (Excess), $10 million Occurence - $25 million Claims-Made (Umbrella)
Long Term Care Facilities
Administered By: Chubb Ltd. (Formerly ACE Group)
Distribution: Carrier Direct
| Industries: |
Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Independent Living Facilities, Long-Term Care Facilities (LTC), Nursing Homes/Skilled Nursing Facilities |
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Carriers: Chubb Group of Insurance Cos.
Coverage: Excess, General Liability, Professional Liability
Limits: up to $10 million (Excess), up to $1 million/$3 million (Primary PL/GL)
Long Term Care - Senior Living Facilities
Administered By: RLI
Distribution: Direct/Broker
| Industries: |
Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Independent Living Facilities, Long-Term Care Facilities (LTC), Nursing Homes/Skilled Nursing Facilities |
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Carriers: Mt. Hawley Insurance Co.
Coverage: Employee Benefits Liability, General Liability, Professional Liability
Limits: up to $15 million
Non-Profit Senior Care Facilities (LeadingAge)
Administered By: AON Affinity
Distribution: Program Administrator
| Industries: |
Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Long-Term Care Facilities (LTC), Nursing Homes/Skilled Nursing Facilities |
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Carriers: Zurich
Coverage: Commercial Auto, Commercial Property, Crime, Equipment Breakdown, Excess, General Liability, Inland Marine, Professional Liability, Umbrella/Excess
Limits: up to $10 million (Excess Liability), up to $100,000 (General and Professional Liability), up to $100,000 (Property)
Nursing Home Professional Liability
Administered By: AXIS Insurance
Distribution: Direct/Broker
| Industries: |
Continuing Care Retirement Communities (CCRCs), Nursing Homes/Skilled Nursing Facilities |
|---|
Carriers: AXIS Specialty Insurance Co.
Coverage: Abuse & Molestation Liability, Employee Benefits Liability, General Liability, Professional Liability
Limits: up to $1 million/$3 million (Primary), up to $10 million (Excess)
Senior Care
Administered By: MedPro Group
Distribution: Carrier Direct
| Industries: |
Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Independent Living Facilities, Nursing Homes/Skilled Nursing Facilities, Senior Living Facilities |
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Carriers: Medical Protective Co.
Coverage: Cyber Liability, Excess, General Liability, Professional Liability, Regulatory Liability, Reinsurance, Umbrella/Excess
Limits: up to $25 million (Excess (Additional Limits for Select Risks)), up to $1 million/$3 million (Primary)
Senior Care
Administered By: Berkshire Hathaway Specialty Ins
Distribution: Direct/Broker
| Industries: |
Adult Day Care, Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Home Healthcare, Hospice, Independent Living Facilities, Nursing Homes/Skilled Nursing Facilities, Senior Living Facilities |
|---|
Carriers: Berkshire Hathaway Specialty Insurance
Coverage: Excess, General Liability, Professional Liability, Umbrella/Excess
Limits: up to $10 million (Higher Limits Available for Select Risks)
APU Senior Care
Administered By: AmWINS
Distribution: MGA
| Industries: |
Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Nursing Homes/Skilled Nursing Facilities, Senior Living Facilities |
|---|
Carriers: StarStone National Insurance Co., StarStone Specialty Insurance Co.
Coverage: Abuse & Molestation Liability, Employee Benefits Liability, General Liability, Property
Limits: up to $10 million (Policy aggregate), up to $10 million (Excess umbrella), up to $3 million (Location aggregate), up to $1 million (Per claim)
Senior Living Program
Administered By: Glatfelter Healthcare Practice
Distribution: Program Administrator
| Industries: |
Assisted Living Facilities, Continuing Care Retirement Communities (CCRCs), Independent Living Facilities, Long-Term Care Facilities (LTC), Nursing Homes/Skilled Nursing Facilities |
|---|
Carriers: AIG
Coverage: Commercial Property, Crime, Employment Practices Liability (EPL), Equipment Breakdown, Errors & Omissions (E&O), Excess, General Liability, Inland Marine, Management Liability, Professional Liability, Umbrella/Excess
Limits: up to $5,000,000 (Excess over General Liability, Professional Liability & Automobile), up to $5,000,000 (Non Profit D&O)