Why Tail Coverage Matters
Running an assisted living facility means you face risks daily—resident falls, medication errors, or even abuse claims. But what happens after you retire, sell your facility, or change insurers?
That’s where tail coverage comes in.
What Is Tail Coverage?
Tail coverage (Extended Reporting Period) lets you file claims after your policy ends, as long as the incident happened while you were insured. It protects you from late-reported lawsuits—often common in healthcare and senior care.
When You Need It
You should consider tail coverage if:
- You're selling or closing your facility
- You're retiring
- You're switching insurance providers
- You're involved in a merger or ownership change
Is It Expensive?
Tail coverage usually costs 100–300% of your last premium—but that’s small compared to the cost of an uninsured lawsuit.
Final Thoughts
If you’re in the assisted living business, don’t leave your legacy unprotected. Tail coverage gives peace of mind long after the doors close.
Need help with coverage?
👉 Contact us at Hawk’s Bay Insurance Group – We specialize in senior care insurance.