Group homes are supposed to be safe spaces for some of the most vulnerable people in the world. Group home liability insurance helps ensure safety and protection. Yet insurance for group homes can be hard to procure. Because many risks are associated with these facilities, insurance producers find it challenging to help clients get coverage. Prime Insurance Company understands how important youth group homes and other group homes are. We work hard to provide comprehensive, appropriate insurance for group homes.
The Importance of Insurance for Group Homes
Each group home is different, serving the needs of various populations. That means group home liability insurance is also different for each client. Finding an insurer to meet these needs can be challenging, but insurance for group homes cannot be ignored.
Often, group homes house people who are at risk, thus creating risk. Residents may be young. They may be parolees or involved with addiction. Group homes may serve the needs of people who require physical assistance, adding liability.
Unpredictable behavior is always a risk factor for insurance. Group homes are unpredictable places. Insurance ensures protection for those that face that risk.
Then, there is the building itself. Like any home, group homes need proper insurance to protect the building, its contents, and its residents. A group home faces the same risks as any property, like theft, fire, and damage. However, the building may be a target for increased risk depending on residents and guests.
There is also an insurance consideration for professional liability and commercial auto insurance Various professionals come in and out of group homes to offer their services to clients. And clients may face abuse. Workers and volunteers may also transport clients, outside of the limits of a personal automobile policy.
In one Maryland lawsuit, the attorney general sued a group home provider alleging abuse. The lawsuit claimed the group homes were understaffed, with workers receiving inadequate training and pay. A similar suit in New York led to a $6 million settlement. Another similar situation in Oregon involved a $4.5 million lawsuit alleging negligence.
With so many people impacted by liability in group homes, settlement and lawsuit amounts can be very high. Insurance helps defray the cost of these legal issues, while risk management reduces the likelihood a claim will happen. Prime Insurance Company is your ideal partner in bringing both comprehensive insurance and expert risk management to your group home operator clients.
A Partnership Approach to Insurance for Group Homes
Prime Insurance Company is a hands-on company when it comes to insurance. We take a partnership approach in everything we do. When we say we are your ideal partner, we mean it!
With extensive experience providing insurance in all kinds of situations, we understand the complexities of covering risks like those found in youth group homes. It is not a one-size-fits-all situation, and we are not a one-size-fits-all insurance company. Instead, we work closely with each insured and insurance producer to find specific solutions for each facility’s unique needs.
Whether it’s general liability, professional liability, property insurance, an umbrella policy, or another factor, our team will set up appropriate policies. We also understand that your group home clients have legal obligations to meet and may have tight budgets. We address those needs, too. Our risk management team is also a vital partner for you and your clients, mitigating and managing exposures before they can become claims.
If there is a claim, we work just as hard and take the situation seriously. Our in-house team has the experience and expertise to manage any claim quickly and fairly. We offer 24-hour assistance to every insured. And we maintain regular communication so everyone knows what is going on with a claim at any time.
We are well known as the insurance market’s true solution for specialty risks. Group home liability insurance is a must-have. By partnering with Prime Insurance Company, you can set yourself apart from the competition and offer a unique line. See the difference for yourself. Write more business by using our specialty coverage as a backstop to your usual offerings, serving your clients in a truly comprehensive way.
To learn more, contact us today. To get started with a quote, use our online application. You can also call Prime Insurance Company at 800-257-5590 or email at info@primeis.com. You will also find us on social media through Facebook, Twitter, YouTube, LinkedIn, and Instagram. And, you can read our blog for more insight.
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Authored by Rick J. Lindsey, CEO, President, and Chairman of Prime Insurance Company
Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. Prime Insurance also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are Prime Insurance can help.
