Who is eligible for Novatae’s Assisted Living Facilities Insurance program?

Eligible risks include assisted living facilities, adult foster care, memory care, residential care facilities for the elderly (RCFE), group homes for the developmentally disabled, and adult day care centers. Skilled nursing, rehab care, and independent living are not eligible.

What are the program highlights?

Highlights include minimum premium of $9,225, max limits of $1M/$3M, prior acts available, minimum SIR of $5K, and sexual abuse and hired/non-owned auto liability up to $1M/$1M.

What bed limits are available under the program?

Up to 30 beds are available with a max of 10 beds across 3 locations in NY, WV, LA, NV, and HI. In all other states, coverage is available for up to 100 beds.

Are there any excluded states?

Yes, Novatae’s assisted living facilities insurance program cannot write any risks in New Mexico.

Are all accounts subject to underwriting review?

Yes. All assisted living facility insurance accounts are subject to underwriter review and program terms and conditions.

PROTECTING THOSE THAT PROTECT THE ELDERLY

Insurance for Assisted Living Facilities

As the U.S. population ages, demand for assisted living facilities continues to rise. By 2040, more than 78 million Americans will be 65 or older, creating growing demand for residential care services. With that growth comes increased liability exposures, from resident safety to professional care delivery.

Novatae specializes in insurance for assisted living facilities, offering tailored MGA programs with Lloyd's for long-term care risks. We partner with retail brokers to help them secure comprehensive coverage for clients in this vital sector, ensuring protection that aligns with evolving regulatory, operational, and liability needs.

Note: Novatae programs do not cover skilled or rehabilitation care, congregate care, or independent living facilities.

Program Highlights

Minimum premium: $9,225
Maximum limits: $1M / $3M
Up to 30 beds (max 10 beds across 3 locations) in NY, WV, LA, NV, and HI
Up to 100 beds in all other eligible states

Not available in NM
Professional & general liability (PLGL)
Prior acts coverage available
Minimum SIR: $5K
Sexual abuse liability up to $1M / $1M
Hired/non-owned auto liability up to $1M / $1M

Core Target Classes

Assisted Living Facilities

Comprehensive liability protection for assisted living centers providing residential care, personal support, and daily living assistance for seniors.

Adult Foster Care

Coverage tailored to smaller-scale adult foster care homes, addressing liability exposures tied to resident supervision, personal care, and operational risks.

Memory Care Facilities

Specialized coverage for memory care units and facilities, addressing unique risks tied to dementia and Alzheimer's care, including heightened supervision and safety requirements.

Residential Care Facilities for the Elderly (RCFE)

Protection for RCFEs offering non-medical residential care, safeguarding against liability tied to daily living assistance, staff oversight, and resident well-being.

Group Homes for Developmentally Disabled Adults

Insurance solutions designed for group homes serving developmentally disabled residents, protecting against claims related to professional care, supervision, and operational exposures.

Adult Day Care Centers

Coverage for adult day care providers supporting seniors and adults with special needs, addressing risks tied to premises liability, participant safety, and staff services.

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FAQs for Insurance for Assisted Living Facilities

What is assisted living facility insurance?

Assisted living facility insurance provides liability and professional coverage for residential care operations, protecting against claims tied to resident safety, premises liability, and the services staff provide.

Who should purchase insurance for assisted living facilities?

Owners and operators of assisted living centers, adult foster care homes, memory care facilities, and group homes should all carry specialized liability insurance.

What does assisted living facility insurance cover?

Coverage typically includes professional and general liability, employee-related liability, sexual abuse liability, and auto expenses related to facility operations.

How is assisted living facility insurance different from skilled nursing coverage?

Assisted living insurance covers non-medical residential care, while skilled nursing insurance is for facilities providing rehabilitation or medical treatment, which are excluded under this program.

Is this insurance available nationwide?

Yes, Novatae's assisted living facility program is available in most states, with certain restrictions (not available in NM, and with specific bed/location limits in NY, WV, LA, NV, and HI).

What are common exclusions in assisted living facility policies?

Typical exclusions include medical/skilled nursing services, intentional acts, pollution, employee injuries (covered under workers' compensation), and independent living facilities.

Can coverage be customized?

Yes, Novatae works with retail brokers to tailor coverage, including prior acts, sexual abuse liability, and hired/non-owned auto coverage, to fit each facility's needs.

Why Partner with Novatae?

MGA programs with Lloyd's that bring specialized market access
Expertise in hard-to-place risks and nuanced liability exposures
Nationwide availability (with state-specific restrictions)
Ability to tailor coverage with flexible enhancements and terms

Novatae's wholesale and MGA capabilities allow retail brokers to confidently place coverage for assisted living facilities and related care operations, ensuring clients have protection designed for their unique environments.