Workers' Comp Coverage for Assisted Living
We’ve been helping Assisted Living providers find affordable coverage for over 15 years. Our Experts understand the unique underwriting requirements from the insurance companies. That’s why we’ve developed programs designed to help you get the best rates and most flexible payment options.
Pay as you go
Improve cashflow and reduce the potential for big audit bills.
Comparison Pricing
Get quotes from multiple insurance companies to ensure the lowest rates.
Claims Management
Our carriers have experienced claim managers to close claims quickly.
Workers' Compensation Class Codes Related to Assisted Living
Class Code 8829
Convalescent Home- Skilled Nursing Facilities
Class Code 8826
Assisted Living- No Nurse Care
Businesses primarily engaged in providing unskilled or skilled nursing services in a facility. Services often include establishments primarily engaged in providing inpatient nursing and rehabilitative services. The care is generally provided for an extended period of time to individuals requiring nursing care. These establishments have a permanent core staff of registered or licensed practical nurses who, along with other staff, provide nursing and continuous personal care services. Assisted-living facilities without on-site nursing care facilities may utilize class code 8826, including homes for the aged without nursing care. The care typically includes room, board, supervision, and assistance in daily living, such as housekeeping services.
Alternative State Class Codes for Home Health Care:
Some states utilize special class codes for classifying and pricing home health care insurance rates. Below is a list of all class code associated with home care services.
Synonyms: retirement homes, old-aged homes, home for the aged, senior citizen homes, nursing home, retirement community, assisted living facility, group homes for disabled, convalescent home, hospice inpatient care, skilled nursing facility, congregate living.
How Does Workers' Comp Work?
Workers' comp coverage protects employees when injured. It makes good financial sense for both parties.
- Loss of income for employees unable to perform job duties
- Medical expenses for employees injured on the job
- Retraining expenses for employees unable to return
- Permanent injury or disability for lasting injuries
- Survivor benefits if employees are killed on the job
Coverage does not protect employers from everything. Sometimes employees and employers can be negligent.
- Injuries resulting from a violation of the law
- Incidents resulting from employees' use fo drugs or alcohol
- Injuries that did not occur in connection with the job
- Clear company policy violations
- Injuries that did not occur in connection with the job
How Much Does Assisted Living Insurance Cost?
- Work Comp is priced based on payroll
- Your state and EMR Rating will affect your cost
- The type facility can modify rates
- Premium discounts and policy credits may apply
- GL rates are based on sales (rated per $1000)
- Gross revenue may affect pricing
- The type of skills matters to underwriters
- Prior clams and years in business affect pricing
- SIC codes vary- 8051, 8052, 8059, 8361
- Errors and Omissions rates are based on customer and employees count
- Gross revenue may affect pricing
- Procedures and processes matter to underwriters
- Prior clams and years in business affect pricing
How do I get started?
Here's what we need from you
- Business details, locations, FEIN or SSN
- Estimated annual payroll and job duties- class codes
- Claims info or loss history- if applicable
What Happens Next?
We go find for your best price
- Our software matches you with top-rated carriers
- Our agents apply and negotiate your lowest rates
- We present and recommend your best options