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Author Archives: insuremyrcfe2

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Renovation and Expansion: Insuring RCFE Facility Upgrades

RCFEBy insuremyrcfe2February 8, 2024

At any business, improvements become a necessity at some point. Maybe your plumbing needs some attention or you want to add features to improve what your company can offer to keep pace with your competitors. At a Residential Care Facility for the Elderly (RCFE), that could mean making upgrades like installing adjustable-height counters, adult changing…

Resident-Centered Care and Liability: Striking the Right Balance

RCFEBy insuremyrcfe2January 24, 2024

At your Residential Care Facility for the Elderly (RCFE), you want to provide top-level care to each of your residents. That usually means tailoring the services and healthcare you provide to that person’s preferences and needs. In fact, many RCFEs now follow a model specifically called resident-centered or person-centered care. Applying this approach can improve…

Navigating Staff Shortages: Insurance Insights for Maintaining Quality Care

RCFEBy insuremyrcfe2January 17, 2024

The pandemic made a mark on many different industries, but healthcare took a particularly heavy hit. Even years later, we’re still seeing the fallout in terms of labor shortages. That’s particularly true in the senior care industry. The situation is so dire that some experts are calling it a staffing apocalypse. A Closer Look at…

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…

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