Long-Term Care Facilities RRG

Risk retention group product that offers professional and general liability for long-term care facilities.

A long-term care insurance program focused on
long-term sustainability.

 

Certain industries, such as healthcare, face cyclical or distressed liability issues.  As the population continues to age and the demands on long-term care facilities continue to increase, it's important to have flexible options for insurance coverage that extend beyond the traditional marketplace.

Risk retention groups (RRG) are a viable alternative risk-transfer solution for qualifying insureds in distressed industries because they help participating members in similar industries pool their risk. Many members enjoy long-term savings, as pricing is made even more competitive after the one-time capital charged is removed upon renewal.

Amwins Specialty Casualty Solutions has teamed up with Notting Hill Risk Retention Group to offer a customized approach to professional and general liability coverage for long-term care facilities.

 

Target clients

Skilled nursing, assisted living, residential care and independent living facility clients that fit any of the following criteria:

  • Looking for a custom structure that meets coverage needs while reducing cost
  • Tough venues
  • Challenging histories


Program highlights 

  • Customized solutions. Tailored programs that can be structured to fit your budget and risk tolerance on a case-by-case basics with varying retentions, corridor deductibles and sub-limits.
  • Broad risk tolerance. Consideration of risks with challenging histories and/or those in difficult jurisdictions.
  • Financial stability. Notting Hill has earned an "A" rating from Demotech, Inc., and is reinsured by Lloyd's of London.
  • Expert claims service. Hands-on guidance and support from Premier Claims Management, LLC.
  • Experienced risk management. Tools and resources offered by OmniSure.
  • Convenient premium financing. Clients are eligible to pay 15% down with monthly installments on annual policies.

Long-term care RRG
Key details 

 

Availability

This program is available in all 50 states.

 

Coverage, limits + retentions

  • Professional + general liability
    • $1,000,000 per occurrence / $3,000,000 aggregate
  • Employee benefit liability
  • Sexual abuse liability
  • Sub-limits available
  • Self-insurance retentions
    • $25,000 and higher
  • Corridor deductibles (inner aggregate retentions)
  • Claims-made coverage


Minimum premium

$50,000


Submission requirements

  • Supplemental application
  • COVID questionnaire
  • Five years' currently valued company loss runs, including claims descriptions
  • Current state survey
  • Current facility licenses
  • Current financial statement

 

Ready to get started? Please reach out to Tim Walter or Georgetta Corona to learn more!

Contact Us

Georgetta Corona
Senior Underwriter
Amwins Specialty Casualty Solutions
312.601.9386 georgetta.corona@amwins.com
Tim Walter
Senior Vice President, Program Manager
Amwins Specialty Casualty Solutions
312.601.9254 tim.walter@amwins.com