Navigating Insurance Audits for RCFEs

Many business owners feel tense at the mere mention of the word audit. But going through an auditing process doesn’t have to be a stressful thing you hope to merely survive. In fact, the right audit can be a highly useful tool that benefits your Residential Care Facility for the Elderly (RCFE). An insurance audit…

Financial Management Strategies for RCFEs

Any business needs to carefully monitor its books and stick with its budget to thrive. Residential Care Facilities for the Elderly (RCFEs) are no exception. In fact, all of the moving pieces at an RCFE make solid financial management strategies particularly important. For the facility to thrive — along with its residents and staff —…

Impact of Climate Change on RCFE Insurance

Climate change is impacting the frequency, severity, and scale of natural disasters. Insurance providers are taking note, evolving their coverages — and their pricing models — to offer their insureds the necessary protections while also safeguarding their profit margins. That’s impacting every business and individual carrying property and casualty insurance. Residential Care Facilities for the Elderly…

Crisis Communication: Using Insurance to Manage Reputation in Public Incidents

Ideally, your Residential Care Facility for the Elderly (RCFE) functions day after day without major issue. But things happen. And when they do, you want to have a plan in place to protect your residents, your profits, and your facility’s reputation. The right insurance coverage goes a long way here. Let’s look at a few…