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Author Archives: insuremyrcfe2

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Legal Challenges in RCFEs: How Legal Expenses Coverage Can Safeguard You

RCFEBy insuremyrcfe2January 5, 2024

Running a Residential Care Facility for the Elderly (RCFE) exposes you to the risk of litigation. Your residents can bring legal action against you if they get hurt on your property or deem your care negligent. But your risk doesn’t stop there. Their friends and family can also take you to court for mistakes your…

Transparency and Disclosure: How Honesty Affects RCFE Insurance Claims

RCFEBy insuremyrcfe2December 4, 2023

If you’re having to call on an insurance policy, something has gone awry. You keep this coverage in place specifically for situations like this. Whether your Residential Care Facility for the Elderly (RCFE) had a fire or a resident fell and you’re now getting sued by the family, your policy builds in key protections for…

Empowering Residents: Insurance Considerations for Personal Possessions

Commercial Property, RCFEBy insuremyrcfe2December 4, 2023

When a resident moves into your facility, they’re entrusting you with a lot — including any personal possessions they bring along. In fact, if you own or manage a Residential Care Facility for the Elderly (RCFE), it’s important to help your residents think through protecting their personal property. You need to partner with them in…

Building Resilience: The Psychological Aspects of RCFE Ownership and Insurance

RCFEBy insuremyrcfe2November 15, 2023

Running a Residential Care Facility for the Elderly can be satisfying, rewarding work. You’re providing a service that many people absolutely need as they age. You and your team help seniors spend this key season of their life in comfort and dignity. And because humans will always be aging, there’s some measure of job security…

Beyond Liability: Exploring Additional Insurance Riders for RCFEs

RCFE, RCFE Liability InsuranceBy insuremyrcfe2October 31, 2023

The right insurance portfolio goes a long way toward protecting your Residential Care Facility for the Elderly (RCFE). With proper coverage in place, you get a place to turn when things don’t go the way you expect. That, of course, means a strong liability insurance policy. But you shouldn’t necessarily stop there. Here are seven…

Understanding “Claims-Made” vs. “Occurrence” Liability Policies

RCFE, RCFE Liability InsuranceBy insuremyrcfe2October 19, 2023

A liability insurance policy goes a long way toward protecting your Residential Care Facility for the Elderly (RCFE). If one of your residents gets hurt at your facility, for example, this policy can step in to cover the resulting expenses if you’re found liable. At least, that’s the case if the incident is covered under…

Evolving Senior Care Trends and Their Insurance Implications

RCFEBy insuremyrcfe2October 5, 2023

The number of Americans over the age of 65 has notably grown in recent decades. In 1920, there was just one person over 65 for every 20 people in the country. Today, the over-65 crowd accounts for one-sixth of the population. As the size of the elderly population grows, healthcare providers, family members, and other…

Virtual Tours and Liability: Virtual Marketing in the RCFE Industry

RCFEBy insuremyrcfe2September 20, 2023

In 2023, just having a website for your Residential Care Facility for the Elderly (RCFE) might not be enough. Even if your potential residents aren’t the most tech-savvy bunch, their family members likely are. In fact, family that lives out of town might heavily rely on your digital presence to see if you’re a good…

Navigating Insurance for RCFEs in a Changing Regulatory Landscape

RCFEBy insuremyrcfe2September 7, 2023

Generally speaking, things don’t move particularly quickly in the political sphere. That said, the extensive amounts of legislation up for consideration at any given time do expose Residential Care Facilities for the Elderly (RCFEs) to risk. Something that impacts your facility could be buried in a large bill. Or it could stagnate as elected officials…

How Regular Staff Training and Certifications Can Impact Your RCFE Insurance Rates

RCFEBy insuremyrcfe2August 24, 2023

To some extent, trainings and certifications for your staff aren’t optional. The state might mandate continuing education for specific members of your team, for example. To maintain the appropriate licensure, you or another key staff member will likely need to complete some coursework and/or hands-on training periodically. That might feel like a hassle, but these…

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