Providers

Approved Communities
The average resident in a Residential or Senior Care Community, paying privately or with insurance, has significant assets to protect. When they become a resident of your facility they typically lose critical protection they had found comfort in previously with their home owner’s or renter’s insurance policy. They need liability insurance now.

We’re here to help them, and you … your organization can decrease risk, increase profitability, sustain and grow with A.G.E.

• Reduce Cost > by decreasing premiums
• Enhance Coverage > by being named additional insured
• Gain & Retain Residents > keep them safe and happy

Call us today at 1-877-243-3011 to quickly quantify the benefits your organization can receive with liability premium relief, an on-site reservoir of additional insurance coverage, and other features of A.G.E. insurance, all at no cost to you as an Approved Community.

Programs
Liability insurance is a part of the general insurance system of risk financing. The modern system relies on dedicated carriers to offer protection against specified perils in consideration of a premium. Liability insurance is designed to offer specific protection against third party claims (for example, payment is not typically made to the insured, but rather to someone suffering a loss who is not a party to the insurance contract).

In general, when a claim is made, the insurance carrier has the obligation to defend the insured. The legal costs of a defense are not always affected by policy limits, which is useful because they can be significant where long trials are held to determine either fault or the amount of damages.

Unlike other policies, ours indemnifies your facility and enables your operation to:
• Dramatically decrease exposure for your self-insured facility or multiple operations
• Generate significant income and above-the-line cash flow
• Reduce overhead and expense charges
• Gain a competitive sales advantage
• Retain residents / maintain occupancy
• Enhance corporate, employee and shareholder value

Industry Trends
One noteworthy trend experts have identified recently is that many Senior Care Communities are now including specific requirements for liability insurance in the language of the resident’s lease agreement. It comes as no surprise in response to an increasingly litigious society coupled with an aging population. For one thing, accidents can and do happen, resulting in:

• Lawsuits Based on Claims of Negligence
• Personal Liability Claims
• Pet Bites
• Mobility Scooter Accidents
• Accidental Fires
• Slander and Libel
• Slip & Falls

Specific to just one of the above, pet bites, the Centers For Disease Control and Prevention has reported the following:

• More than 4.7 million people are bitten by dogs annually
• In 2007 dog bites cost insurance companies over $356 million
• This figure was a 10.5% increase over the previous year with more than 50% of dog bites occurring on the dog owner’s property
• Bites account for about 1/3 of ALL homeowners insurance liability claims.

A.G.E. liability insurance protects your residents’ assets and lifestyle against third-party claims resulting from increasingly common bodily injuries to other people or damage to their property. It is designed to offer specific protection against third-party claims – e.g., payment made not to the insured, but the person who has suffered the loss.

Typically the insurance carrier has the obligation to defend the insured. The legal costs of a defense – often significant, especially with long trials – are not always affected by policy limits. Lawsuits tend to get expensive, and personal. That’s another reason why A.G.E. is all upside for your organization.