Assisted Living Facility Insurance Quote: What Every Owner Needs to Know
- Nate Jones, CPCU, ARM, CLCS, AU
- Jan 19
- 3 min read
Requesting an assisted living facility insurance quote is a critical step in protecting your senior care business. From resident safety to regulatory compliance, the right insurance coverage helps shield your facility from costly claims, lawsuits, and unexpected losses.
In this guide, we’ll explain what goes into an assisted living insurance quote, the coverage types every owner should consider, and how working with a specialized provider like Wexford Insurance can help you secure the right protection at a competitive rate.
Why Assisted Living Facilities Need Specialized Insurance
Assisted living facilities face unique risks that standard business insurance often does not cover. These risks include resident injuries, medication errors, abuse allegations, property damage, and employment-related claims.
Because of these exposures, insurers evaluate assisted living facilities differently than other businesses. A tailored insurance policy helps ensure your facility meets both legal requirements and industry best practices.
Read More: Learn more about assisted living facility operations and oversight from the National Center for Assisted Living (NCAL).
What Impacts an Assisted Living Facility Insurance Quote?
Several factors influence the cost and structure of your insurance quote, including:
Facility Size: Number of residents and square footage
Services Provided: Level of medical care, memory care, or medication management
Staffing: Employee count, training programs, and certifications
Claims History: Past incidents or lawsuits
State Regulations: Licensing and insurance requirements vary by state
Facilities with strong safety protocols, proper staff training, and documented procedures often qualify for more favorable premiums.
Key Coverages Included in an Assisted Living Insurance Policy
When reviewing an assisted living facility insurance quote, make sure it includes:
Covers slip-and-fall injuries, visitor accidents, and property damage claims.
Protects against claims related to care services, medication errors, or neglect allegations.
Covers buildings, equipment, furnishings, and resident common areas.
Required in most states to cover employee injuries and lost wages.
How to Get an Assisted Living Facility Insurance Quote
Getting a quote doesn’t have to be complicated. Here’s how to streamline the process:
Gather facility details, licensing information, and staffing data
Document safety procedures and emergency response plans
Work with an insurance provider experienced in senior care
Wexford Insurance specializes in insurance solutions for assisted living and senior living facilities. Their team understands the regulatory landscape and offers customized coverage designed to meet your facility’s exact needs.
Tips to Lower Your Insurance Premiums
Implement fall-prevention and resident safety programs
Maintain detailed staff training records
Conduct regular facility inspections
Review your coverage annually to avoid over- or under-insuring
Proactive risk management not only protects residents but can also reduce insurance costs over time.
Final Thoughts
An assisted living facility insurance quote is more than a price—it’s a reflection of your facility’s risk profile and commitment to quality care. Choosing comprehensive coverage from a provider that understands senior living can help protect your business, staff, and residents for years to come.
By working with Wexford Insurance, you gain access to industry-specific expertise, tailored coverage options, and responsive support when it matters most.