Innovative solution addresses insurance requirements for skilled nursing and assisted living facilities
SHERMAN OAKS, Calif. & DEERFIELD, Ill., September 14, 2021--(BUSINESS WIRE)--Shomer Insurance Services, an Alera Group company, has helped develop a general and professional liability (GLPL) insurance option for senior care facilities — including skilled nursing, assisted living, hospice and home health – that is accessible, customizable and available now to offer solutions at affordable premiums.
Informed by insights and expertise from owners, operators and industry experts, the program provides quality insurance based on longstanding experience supporting the healthcare and senior care industry. The policy is Demotech rated "A" and reinsured by Lloyd’s of London. The risk management consulting is provided by Omnisure, and Premier Claims Management, LLC is the claim administrator
"Many of today’s senior care and assisted living facilities find themselves facing an insurance catch-22: they can neither afford professional liability insurance nor afford to be without it," said Ari Baer, Managing Partner of Shomer Insurance Services. "We saw a huge need for a plan that is available to a wide variety of providers and offers comprehensive coverage, without being cost-prohibitive."
The GLPL program directly addresses operators’ biggest barriers, including: a shrinking pool of liability insurance providers, coverage limitations or no access to coverage, increase in predatory claims and/or claim severity and frequency, regulatory requirements and a higher-risk resident care environment.
"With the introduction of this innovative general and professional liability program, we now have the opportunity to help skilled nursing and assisted living facilities stem the tide of rising annual professional liability insurance rates and select a program that can be tailored to their specific needs, claim history and resident population," said John O’Connell, healthcare practice lead at Alera Group.
For full program eligibility requirements, program details and policy information, visit https://shomerinsurance.aleragroup.com/liability_insurance_assisted_living/.
About Shomer Insurance Services
The word Shomer means "Guardian", and we take our name to heart. Since the company’s incorporation in 1999, every program we develop, webinar we offer, and policy we propose is crafted with our clients’ needs in mind. We receive compliments and thanks from our clients every day because they appreciate the level of service that we tailor to each one. Single location, multi-state, high risk or low, Shomer is able to adapt and provide custom service. On May 1st, 2019 the Alera Group acquisition of Shomer Insurance opened a new set of opportunities for Shomer and its clients. After this strategic acquisition, Shomer has been able to expand, adding even more value for our clients while still maintaining our identity.
About Alera Group, Inc.
Alera Group is an independent, national insurance and wealth management firm with more than $650 million in annual revenue, offering comprehensive employee benefits, property and casualty, retirement services and wealth management solutions to clients nationwide. By working collaboratively across specialties and geographies, Alera Group’s team of more than 2,500 professionals in more than 100 offices provides creative, competitive services that help ensure a client’s business and personal success. For more information, visit www.aleragroup.com or follow us on LinkedIn.
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