Captives in Senior Living
For non-profit and for-profit organizations
Senior living facilities that are expanding, either physical locations or people, with a commitment to risk management including safety and claims, could see the benefits of forming a single parent captive. The captive could be used for commercial general liability and professional liability needs. And the captive can be designed to meet lender requirements, such as higher limits on some facilities, and obtaining a financial rating acceptable for HUD/FNMA loans.
As your exposures increase over time, your premium rate should decrease if you maintain a safe environment with limited claims.
If you allow surplus to grow, the captive can take on additional lines of coverage like:
- D&O
- Property
- Excess
- Auto
- Regulatory Defense
- And more
