As the baby boomer population continues to age, the need for comprehensive senior healthcare options will increase significantly over the next decade. Traditional senior care facilities, including nursing homes and assisted living services, continue to serve a portion of our senior population, but in recent years there has been a rise in the number of Continuing Care Retirement Communities (CCRCs).
What Are CCRCs?
CCRCs offer seniors independent housing, meals, housekeeping, and access to physicians. As the individual becomes more dependent on the assistance of others, the ability to transition him or her to more significant long-term care is covered under the umbrella of the CCRC. This makes it easier and faster to provide appropriate levels of care as it becomes required.
As senior healthcare continues to expand and evolve, the type of insurance necessary to protect the patients, visitors, and staff of CCRC facilities has become more specialized as well. Certain insurance providers are now providing liability insurance specific to the needs of the CCRC. Examples of coverage types that Continuing Care Retirement Communities liability insurance may include:
- General liability
- Employee benefits liability
- Workers compensation
- Sexual misconduct
- Commercial property
- Business automobile
The importance of a specialized CCRC liability policy cannot be overstated. With appropriate coverage in place, your providers and administration can continue to focus on what’s most important: patient care.