"A" Rated Liability Insurance for Healthcare Facilities
We've worked with healthcare facilities across the spectrum for over 20 years, and know how difficult getting quality insurance can be, even for top organizations. We saw a need for a plan that is available to all providers and offers comprehensive coverage, without being cost-prohibitive.
Every senior care, skilled nursing and home health organization faces challenges in today’s market, including growing constraints in securing comprehensive, affordable liability insurance.
As seen in Bloomberg and Yahoo Finance, our product addresses your biggest challenges:
- A shrinking pool of liability insurance providers
- Coverage limitations or no access to coverage
- Steep rate increases and financially prohibitive access to coverage
- Predatory claims / Uptick in claim severity and frequency
- Higher risk resident care environment
- Regulatory requirements
“We were ready to close the doors. We were out of options when Shomer called us and told us they had a solution. Ari Baer [Shomer’s president] walked us through everything, and now that we have insurance in place, we can begin accepting new residents and inquiries to build the business back up."
Customization
Tailored policy forms, limits and retentions to meet healthcare facilities' needs.
Complete Solution and Risk Management
Our risk management approach proactively helps protect our healthcare insureds against unique industry exposures. Complimentary access to RiskFit® powered by OmniSure is included.
Competitive Pricing
Premium and coverage are highly flexible and based on selected limits and retention. This allows us to provide attractive pricing for each insured senior care organization.
Claims Expertise
Risk management, litigation management and tools help facilities mitigate risk. We work with Premier Claims Management, an industry expert, to ensure claims are handled in the most efficient manner possible.
Industry Rated Credentials
"A" rated by Demotech and reinsured by Lloyd's of London
20+ Years Industry Experience
Our staff are experts on the industry and have a deep understanding of the regulation and operational complexities faced by owners and operators. We have a devoted practice area serving the senior care and healthcare market.
Program Eligibility:
Policy & Limits
$1,000,000 per claim for Professional Liability & General Liability
$3,000,000 policy limit for Professional Liability & General Liability
Claims Made Policy Form
$25,000 minimum premium
Organization types:
Skilled Nursing Facilities, Residential Care Communities, Assisted Living Communities, Independent Living Communities, Home Health Organizations, Hospice Providers.
DETAILED POLICY INFORMATION
Program Features
"A" rated by Demotech
Reinsured by Lloyd's of London
Competitive Rates
Various Deductible and Corridor Options
Responsive Underwriting
Limited Distribution
Policy & Limits
$1,000,000 per claim for Professional Liability & General Liability
$3,000,000 policy limit for Professional Liability & General Liability
Claims Made Policy Form
$25,000 minimum premium
Submission Requirements
Supplemental application
COVID-19 questionnaire
Five years' current loss runs
Current state survey with POC
Current facility license
Community/Facility Location:
AL, AR, AZ, CA, FL, GA, IL, KY, MD, MI, MT, NJ, NM, NV, NY, OH, PA, RI, SC, TN, TX, WA, WV
Certain individuals associated with Shomer Insurance Services, LLC, An Alera Group Company offer investment advisory services through Alera Investment Advisors, LLC; and are registered to offer securities through Triad Advisors, LLC., Member FINRA/SIPC Additional information about individuals registered with FINRA can be found on FINRA's BrokerCheck.
Shomer Insurance Services, LLC, An Alera Group Company, Alera Group, Inc. and Alera Investment Advisors, LLC are not affiliated with Triad Advisors, LLC.
Shomer Insurance Services, LLC, An Alera Group Company, 5805 Sepulveda Boulevard, #500, 323-934-8160 Copyright 2024 Shomer Insurance Services, LLC, An Alera Group Company. And Alera Group Inc. All Rights Reserved.