Adding or Removing a Business Partner? Impacts for Your RCFE

Professional Liability Insurance, RCFE, RCFE Liability Insurance, Resources

When you bring a partner into your business, you’re sharing a lot: decision-making, profits, and liability. Your partner’s risk exposures are your risk exposures, and vice versa. As a result, if you’re making a change in your partnership structure — whether that’s adding or removing a partner — it’s an insurance event that usually warrants revising…

How to Properly Close or Wind Down an RCFE: Insurance Considerations

Commercial Property, Professional Liability Insurance, RCFE, RCFE Liability Insurance, Resources, Workers Comp, Workers Compensation

If you’re closing up shop at your Residential Care Facility for the Elderly (RCFE), you’re probably already thinking — maybe even dreaming — about what you’ll do next. Don’t focus too much on the future, though. Until your license is officially terminated and you’ve fully closed your doors, you’re still on the hook for a…