Nursing homes and assisted living facilities are one of the most important components of our county’s care system for the elderly, but unfortunately they face a number of possible problems. Whether it’s clumsy residents, angry family members, or unforeseen accidents, a nursing home can be just one disaster away from serious financial trouble. Good insurance for nursing homes is designed to prevent this from happening.
Assisted living facilities can be subject to a number of issues, but one common one is mistakes and malpractice. If a resident becomes injured because of an accident, the nursing home is usually held liable. The same is true if a resident with mental impairment wanders away from the facility or becomes lost. Finally, if medical care is provided, a nursing home should be doubly vigilant to prevent accidents.
Even if the nursing home does nothing wrong, angry children, siblings, spouses, or other relatives of residents may decide that care has been inadequate for some reason. Even if these cases are completely groundless, litigation and liability problems can cost a facility a great deal of money.
Then, of course, there are disasters that any business can be subject to, such as crime, natural disasters, car accidents, or cyber attacks. Insurance can help reimburse an assisted living facility against any of these problems, which is why good insurance for nursing homes is absolutely critical.