Nursing homes, assisted living centers, and senior living facilities help the country’s oldest citizens live in dignity in their final years. By providing health care, food, lifestyle support, and community, they are important resources for the country’s aging population. But offering those services also exposes nursing homes to a number of risks. Lawsuits alleging injury, neglect, and even wrongful death are – if not common – not out of the realm of normalcy in today’s litigious climate.
To prevent such lawsuits from causing financial distress, assisted living centers and nursing homes can invest in liability insurance, which can cover the legal costs associated with being sued. In addition to attorney’s fees, liability insurance often covers court costs and judgments or settlements. For a better idea of how different kinds of business insurance can protect your nursing home or senior living facility, read about them below.