Operating more Residential Care Facilities for the Elderly (RCFEs) means more opportunities for revenue. With more beds and more services available across your locations, you have more chances to pad your bottom line. But multiple facilities also means more exposure to risk. With more employees, more residents, and more square footage, your liability shoots up.…
Managing a Residential Care Facility for the Elderly (RCFE) comes with a unique set of risks. Fortunately, the right insurance coverage can help you offset them. Whether you’re just getting your facility up and running or you’re curious to see if you could get better coverage with lower premiums, you have two options. You can…
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…
As owners or operators of Residential Care Facilities for the Elderly (RCFEs), it is vital to have insurance coverages to help ensure that the residents, staff, buildings/assets, and the business operations as a whole are comprehensively safeguarded. In fact, maintaining sufficient insurance policies is among the most consequential components of risk management for any facility.…
Owning and/or managing a Residential Care Facility for the Elderly (RCFE) is an incredibly rewarding enterprise, and one that involves a steadfast commitment to the health, wellness, and security of the elderly individuals that reside there. One incredibly important way to help safeguard your residents, and your operations as a whole, is to acquire and…
Residential Care Facilities for the Elderly, also known as RCFEs, play absolutely vital roles in caring for senior citizens across the State of California and beyond. No matter if you currently own or operate a facility, or are in the process of getting one set up, obtaining proper insurance policies is critical for safeguarding your…
While incredibly rewarding, owning or managing a Residential Care Facility for the Elderly (RCFE) also provides a range of unique challenges. Ultimately, you are tasked with taking care of your residents and offering a comfortable and secure living environment all while controlling costs as much as possible. Thankfully, there are ways to obtain the comprehensive…
When it comes to successfully operating a Residential Care Facility for the Elderly, or RCFE, having the right insurance policies in place to meet your various needs is absolutely vital. These coverages are designed to protect residents, employees, and the facilities themselves, and can help safeguard against financial losses if a claim or lawsuit arises.…
As with other businesses in the State of California, Residential Care Facilities for the Elderly (RCFEs) are mandated to have workers compensation insurance. These important policies are put in place to help safeguard employee health and overall well-being in situations where they sustain injury or fall ill while performing facility duties. They usually enable employees…
As with other businesses, Residential Care Facilities for the Elderly (RCFEs) look to obtain workers compensation insurance policies to help safeguard employee health and wellness when they sustain injuries or become ill while working. Such policies often include a number of important benefits in numerous areas like assistance with medical costs, work-related rehabilitation expenses, and…