If you own or operate a senior living facility such as a nursing home, assisted living facility, or retirement apartment community, you need a specialized insurance policy to cover both property damage and liabilities that could be experienced on your premises.

Liability Insurance

Your senior living facility should be protected against claims of physical and sexual abuse of the residents. This protection can be provided through both general and professional liability policies. For specialists working on site, consider professional liability that covers their unique responsibilities.

The residents aren't the only source of liability you might have. You should also consider liability insurance policies that protect your facility against claims made against you by your employees. Employment practices liability insurance will protect you against claims of unfair employment practices such as discrimination. Another insurance protection to consider is workers compensation insurance, which will allow you to provide for the expense of ongoing medical treatment and wages lost when an employee is injured at work.

Property and Auto Insurance

The structure of your facility, as well as the contents inside, can be protected through a property insurance policy. This will cover damages caused by certain hazards such as fire and theft. If your facility is in a flood zone, you should consider adding flood insurance since that is not covered in a standard property insurance policy.

When employees or volunteers of your facility operate a vehicle to transport the residents or for any other work-related purpose then an auto insurance policy is necessary. This will not only protect the vehicle itself but will also provide bodily injury and property damage liability coverage in the event that another individual is damaged by the motor vehicles or its operator.