Introducing
CareSurance® CAT
Competitively priced excess liability cover for Long Term Care (LTC) facilities is finally available. CareSurance® CAT has been specifically designed to meet the demands and specific risk profile of both skilled and assisted living facilities, offering a $5,000,000 catastrophe layer either standalone or in excess of primary liability cover. By designing the policy to react specifically to multi-resident catastrophe events CareSurance® CAT provides the right cover without unnecessary cost.
CareSurance® CAT provides a unique solution for LTC facilities looking to protect against exposure to catastrophes:
- Highly competitive way to purchase excess liability cover for LTC facilities
- Professional and General Liability (including Products and Completed Operations cover)
- Sexual Misconduct and Physical Abuse Liability
- Available as a standalone policy or in excess of existing liability cover
- All risks trigger, subject to the event being identifiable in time and place (e.g. fire, flood, hurricane, or single source abuse)
- An incident sensitive trigger – a lawsuit does not have to be brought against the client for the policy to respond – it responds to any incidents which could give rise to a claim
- No compulsory risk management
- Aggregate limit up to $5,000,000
- Deductibles starting at $500,000 but dependent on the limits of primary policies (where applicable)
- Premiums from $10,000
We recognise that nursing facilities want to buy their insurance quickly and simply. That’s why our insurance policy is backed up by exceptional service levels featuring:
- Most quotes provided within 48 hours
- A "fast-track" service for urgent submissions
- Most policies issued within 48 hours of binding
- Claims handled by reputable and experienced claims managers, who are in possession of claims funds to ensure a swift settlement
All this at very competitive prices. To obtain a quote all we need is the completed CareSurance® CAT Application Form.
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