Now that recent technology has allowed senior citizens to live longer than ever, there’s a need for special care centers that cater specifically to individuals who are living longer lives. Continuing care retirement communities are designed for a person to start off living in a senior facility unassisted before moving on to assisted living before transitioning to skilled care if necessary. CCRC insurance protects residents of senior living facilities from unfortunate incidents.
Imagine if something were to happen to one of your residents at any point and time in their continued care cycle. Would you have the proper needs to take good care of them without causing alarm to their families and loved ones? CCRC insurance is your backup plan in the event that you would ever need it.
With continued care insurance, you would be protected from some of the financial costs associated with operating an effective continuing care unit as well as some of the losses and associated risks that come with having a continued care facility. Not only would you and your residents have good coverage, your employees would be covered as well. Workers compensation is also included on CCRC insurance, and there are quite a few injuries associated with working in a senior living facility.
Find a reputable underwriter in your area to help write out a continuing care policy that’s perfect for you and your continued care unit.