AVRECO Announces a New Market for Nursing Homes on Occurrence or Claims-Made Policy Form
Quick Facts
- Program offered in: MA | NJ | OH | CO | MD | VA | WA | OR | NE | IN | VT | ME | ID | MT | WY | WI | NY (excluding boroughs)
- Minimum Premium: $25,000
- Limits: $1mm/$3mm/$1mm GL, $1mm/$3mm PL
- Policy Form: Both Claims Made & Occurrence
- Multiple Locations: Each location has its own limit and policy
- Loss Runs: 5-years hard copy loss runs required
- Deductible: None (1st $)
Details of the program are as follows:
- Not interested in large "chains"
- Focus: 1-3 Privately-Owned Locations (Each location quoted separately)
- Top 30-40%
- No distressed businesses
- Both Claims Made & Occurrence Policy forms available
- Limits: $1mm/$3mm/$1mm (GL), $1mm/$3mm (PL)
- No risk that has been part of a captive or RRG or that has had a lapse in coverage
- No stand-alone assisted living or independent living operation (Must have common ownership with nursing home)
- 5-year hard copy loss runs needed with submission
- Will quote on a first-dollar basis
- Click here to download a Long Term Care Application
- Click here to download an Assisted Living/Residential Care Application
