For Long Term Care Providers
RiskCure® is a comprehensive risk solution for long-term care (LTC) facilities. It provides a combination of liability insurance coverage’s and risk management service. Specifically, the RiskCure® program provides advanced liability risk solutions that can incorporate innovative quality care and risk management services while offering preferred professional and general liability coverage to its users.
RiskCure® enables LTC facilities to better finance and manage their risk. The program is supported by a select group of non-admitted insurance carriers (A.M. Best rating of “A”) that recognize the RiskCure® advantage.
How Does RiskCure® Work?
Using ground breaking clinical, risk and statistical analysis systems, RiskCure® thoroughly assesses the operational performance and liability risk of LTC facilities. With comprehensive insights into facility clinical and operational performance, RiskCure’s team of health care clinicians, academics, researchers and insurance professionals structure insurance and risk management arrangements that will significantly reduce liability risk and associated costs.
Unlike other liability insurance or risk management programs available to LTC facilities, RiskCure® can offer ongoing quality and risk management services that improve MDS data integrity, patient care reimbursement, clinical care outcomes, and greatly enhance liability claims defense capabilities.
RiskCure® can provide a variety of offerings from “turnkey risk solutions” which manage complete aspects of a facility’s liability risk and quality improvement program to a more consultative containment program. As such, the RiskCure® program is an attractive offering for retailers to provide a better form of risk management to their long-term care facility customers.
RiskCure® Advantages:
- Advanced risk and quality assessment tools
- Insurance rates and terms that reward preferred risks
- Demonstrated commitment to quality care
- Service offerings that can provide:
- Ongoing risk monitoring and management
- Assistance with Regulatory Compliance such as government mandated MDS and liability insurance requirements
- Improved clinical outcomes
- Improved claims defense capabilities
- Accurate MDS coding and appropriate Medicare reimbursements
Program Participation Requirements:
- Skilled nursing exposure
- Completed RiskCure® application with attachments – application is available for download off the right hand side of this page.
- Compliance with RiskCure® Risk Management Requirements if mandated by underwriting company.
Product Offerings:
The LTC industry is extremely diverse. The services offered, geographic location, size, financial condition, staffing, management philosophy and many other factors can differ significantly from one facility to the next. As such, the insurance needs and associated affordability issues can also vary significantly. In every case however, the need to manage quality of care and liability risk is critical to the LTC provider, its employees and its residents. RiskCure® can provide sound risk solutions to any LTC provider committed to improving their quality of care and methods of managing risk.
Insurance Coverage & Limits:
- Claims Made or Occurrence Policy Forms
- Zero Deductible Available (based on Facility Risk Characteristics)
- Professional Liability - $1 million / $3 million
- General Liability - $1 million / $3 million
- Umbrella Liability – Up to or more than $20 million (contingent on account size)
Carriers:
Multiple Non-Admitted Carriers with AM Best "A" Rating
How To Receive A Proposal:
If you are a retail agent and would like to obtain a RiskCure® proposal, please complete the application on the right hand side of this page and have the application dated and signed by a principal or officer of the facility. Note: Current applications from most insurance companies are usually accepted.