On Thursday, Notting Hill Risk Retention Group LLC, based in Montgomery, Alabama, launched a program that provides professional and general liability protection for long-term care facilities.
The program offers limits of up to $ 1 million per event and $ 3 million in total, subject to a multi-site policy aggregate, and is designed to meet the needs of qualified nursing, residential care, assisted living and independent living. as home care and hospice, Notting Hill said in a statement.
Coverage is taken out and distributed by Pasadena, California-based Pioneer Programs Insurance LLC through agents and brokers, with reinsurance from Lloyd & # 39 ;s in London.
The program is designed for "long-term care facilities to secure insurance when coverage options shrink and costs rise, as do those who are already paying too much for their current coverage," said Carole Fleischman, president of Pioneer Programs, in the statement.
The program is located in Alaska, Arkansas, Arizona, California, Florida, Georgia, Illinois, Kentucky, Maryland, Michigan, Montana, Nevada, New Jersey, New Mexico, New York, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee , Texas, Washington and West Virginia. Plans are underway to expand nationally to meet demand, Notting Hill said.