Rising insurance costs and expensive claims continued to plague the senior care industry in 2019, and relief does not appear to be in sight. In 2020, senior living providers will continue to face rising insurance costs due to an elevated risk environment driven in large part by attorneys targeting vulnerable operators in markets favorable to […]
Staff injuries sustained while transferring residents* have always been a top concern for senior living providers, and the issue has become more severe and costly in recent years — with memory care facing some of the toughest challenges. With this in mind, Irvine, California-based memory care pioneer Silverado is among the first group of providers […]
The market for liability insurance in senior living continues to face rising costs as well as spikes in expensive claims, settlements and payouts. As insurers and insurance brokers work to identify and manage risks, they are stressing to senior living operators to provide as much data as possible and to be transparent with liability incidents, […]
Faced with rising liability insurance costs, senior housing providers are working with insurers and insurance brokers to address the issue by identifying and managing risks. Liability insurance rates are expected to rise by as much as 30% in 2019, according to insurance broker Willis Towers Watson. The growth in claims, payouts and settlements is so […]
Commercial liability insurance rates for the senior living and long-term care industries could increase as much as 30% or more in 2019, and that could spell financial headaches for some providers going forward. That’s according to a new report from risk management, insurance brokerage and advisory company Willis Towers Watson. The report, titled “2019 Insurance Marketplace Realities,” outlines […]
K4Connect Enters Into Strategic Partnership with Dude Solutions North Carolina-based K4Connect recently announced real-time work order integration with TheWorxHub by Dude Solutions, a provider of cloud-based operations management solutions also based in North Carolina. Accordingly, TheWorxHub by Dude Solutions will be integrated into K4Community, which is K4Connect’s flagship product specifically designed for senior living operators and residents. […]
Talk to any senior living operator about challenges they see on the horizon and they’ll all likely mention the same thing: staffing. After all, hiring and retaining senior living employees is typically much easier said than done, especially as providers duke it out over attracting the most talented leaders and workers. As if the problem […]
Senior living providers are increasingly using ridesharing services to transport their residents wherever they want to go at the drop of a hat—but if they’re not paying attention, they could hit a bump in the road. Accidents, injuries to residents, misconduct from drivers and insurance woes are all risks providers need to watch out for […]
Editor’s Note: This story was published to Senior Housing News shortly before news broke of the Las Vegas shooting early Monday. Hurricanes Harvey and Irma have certainly tested the emergency preparedness of senior living communities along the Gulf Coast in recent weeks. Unfortunately, not all potential disasters are as predictable as hurricanes—but senior housing communities still need to […]
While many senior living communities’ disaster preparedness protocols were put to the test in Florida in the wake of Hurricane Irma, operators in the region—as well as those in Texas recovering from Hurricane Harvey—are now beginning the recovery process, and one of the first steps is to assess damage and file insurance claims. Senior Housing […]
