What You Should Know About Retirement Home Insurance

Retirement homes and assisted living facilities provide a valuable service to seniors who prefer to live independently while still having the company and support of their peers. As the assisted living industry grows, so does the need for retirement home insurance for agents. A retirement home insurance policy covers the unique combination of risks associated with assisted living facilities.

Here are a few of the key coverages offered by most policies.


Most retirement home insurance for agents offers a combination of general and professional liability. Professional liability covers errors and omissions committed by the facility’s staff, while general liability covers everything else, including accidents or injuries that happen on the facility grounds. Liability insurance is one of the most important protections your facility can have.


Property insurance protects the buildings, vehicles, and other types of property that belong to the facility from damage and destruction. Property insurance generally covers fire, theft, and other accidents. Assisted living facilities that maintain a fleet of vehicles can also get vehicle insurance under the property banner.

Workers Compensation

Assisted living facilities generally keep a variety of staff members on hand. Property managers, drivers, receptionists, and on-site beauticians and barbers are just a few of the most common types of employees. Workers compensation insurance protects these employees in the event of injury that occurs while they are at work.