Skip to main content
Category

From the Experts

Employee Safety and Retention in Senior Living Facilities

By From the Experts
Senior living facilities rely on dedicated teams of caregivers and staff to provide residents with quality care and support. However, ensuring employee safety and retaining valuable team members can be a challenge for administrators and HR professionals in this demanding environment. By focusing on training, wellness, and creating a sense of purpose, senior living facilities can build a team that feels valued, engaged, and prepared to deliver outstanding care.  This article explores strategies for employee safety and retention in senior living facilities, offering actionable insights and examples to empower administrators and HR professionals.  Prioritizing Employee Safety  Employee safety is crucial in senior living…
Read More

Employment Practice Liability, Directors & Officers Liability, and Cyber Software in Senior Living Facilities

By From the Experts
Senior living facilities perform a critical role in ensuring the health, safety, and well-being of their residents. Among the many responsibilities these facilities handle, one of the most important is ensuring residents receive the correct medication at the appropriate times. However, manual processes for medication management can sometimes lead to errors that compromise health, regulatory compliance, and trust. This is where cyber-enabled software, designed specifically for senior living facilities, becomes a game-changer. By incorporating Employment Practices Liability Insurance (EPLI), Directors and Officers (D&O) liability coverage, and Cyber risk management practices alongside modern medication-tracking technology, these systems provide a robust solution that…
Read More

Risk Management in Senior Living Facilities: Preparing for Emergencies

By From the Experts
Operating a senior living facility comes with great responsibility. Beyond providing compassionate care, ensuring the safety and well-being of residents, staff, and visitors is of utmost importance. Risk management plays a critical role in mitigating potential threats — from day-to-day operational hazards to emergency scenarios. This guide explores key risks senior living facilities face, outlines steps to prepare for emergencies, and introduces effective tools and resources to protect what matters most. Understanding the Key Risks in Senior Living Facilities Effective risk management begins with knowing the primary threats that could impact your facility. Senior living environments are unique and require…
Read More

2025 Market Outlook For Senior Living Facilities

By From the Experts
The senior living industry is a vital pillar of our society, providing care and community to an aging population. However, it faces unique challenges and evolving trends that facility owners and insurance buyers must address to thrive. Here’s a detailed look into the current market outlook and what it means for your business. Key Trends Shaping the Industry The senior living market is undergoing significant changes, both from external economic factors and internal industry developments. 1. Rising Property Rates Property rates continue to rise, making it more costly for facility owners to maintain and expand their operations. The main drivers…
Read More

Exploring Alternative Funding Options for Benefits in the Cannabis Industry

By Employee Benefits, From the Experts
The cannabis industry faces unique challenges when it comes to offering competitive employee benefits. Traditional insurance models often fall short, either in terms of cost-efficiency or adequacy of coverage. This is where alternative funding options, such as captives and level funding, come into play. By leveraging these strategies, cannabis businesses can design a benefits program that not only meets the needs of their workforce but also aligns with their financial constraints. (more…)
Read More

Alternative Insurance Funding for the Hospitality Industry

By Business Insurance, From the Experts
From the smallest boutique hotels to the grandest of resorts, the hospitality industry’s priority is always the guest's comfort and satisfaction. Amidst this steadfast pursuit, risk management and insurance are often relegated to the background — until moments of crisis. However, the dynamics of the insurance market are changing, leading many forward-thinking hospitality businesses to explore alternative insurance funding models. (more…)
Read More

UNDERSTANDING THE RISING COMMERCIAL INSURANCE RATE ENVIRONMENT

By Business Insurance, From the Experts, Insurance Update
In the evolving economic landscape, commercial insurance rates continue to trend upward. As your trusted partner, our focus is on empowering you to understand the reasons behind these increases and offer strategies to help you take control of your destiny. Together, we can roll up our sleeves and put in the work necessary to improve your risk profile through strategic decisions and implementing effective measures that ultimately make you a more appealing risk to carriers. As always, our commitment is to work alongside you, leveraging our expertise and resources to help you beat the market trends. RATE TRENDS According to…
Read More

Contingent Liability and Tax Insurance: A Powerful Duo in M&A Deals

By From the Experts, Risk Solutions
As a private equity leader, you're no stranger to some of the practical roadblocks that arise in mergers and acquisitions (M&A). These transactions are fraught with potential risks, not least of which are contingent liabilities and tax issues. These two elements, often intertwined, present unique challenges that require specialized risk management strategies. This is where contingent liability and tax insurance come into play. (more…)
Read More