As Alaska’s population continues to age, the demand for long term care needs has never been greater, and will continue to increase in the coming years. In Anchorage alone there are over 600 licensed assisted living facilities, ranging in most cases from 2 to 8 beds and caring for the elderly, the terminally ill, people with behavioral and emotional issues, and other folks who need varying degrees of care. Providing many similar serices, home caretakers will go into a client’s home and provide a range of services from general housekeeping and meal preparation to companionship, errands, welfare checks and more. All of those serving in this industry deserve a debt of gratitude, because most struggle to get by as operating costs continue to climb, state and government oversight lends to added layer of operational constraints, and caring for others can be tasking, emotionally and physically.
For 23 years we’ve been working with assisted living homes and home care service providers across the State of Alaska. The risk management needs of each home, while sharing many exposures and needs, is still unique and demands a risk management approach and robust insurance program capable of protecting the care givers, and allowing them to do what they do best and care for others.
Business insurance Associates has appointments with all of the top rated regional and national insurance carriers providing coverage packages specifically designed for this classification of business. Insurance markets in this segment of business tend to be fluid, there are constantly changes from year to year in coverages, pricing and availability, and Business Insurance Associates is well tuned into those markets, how they are performing, their track record on claims handling and management, and pricing, allowing us to put together top rated coverage programs to fit within your budget.
You’re an expert in your industry, you have every right to expect those working with you in professional capacity also be experts in your industry. Contact our office to learn more about how Business Insurance Associates can be a key asset in your business.
There are effective ways to manage risk in a long term care home that will ultimately lower your total cost of risk and protect your business?