Workers Compensation Insurance for Residential Care Facilities
Novatae Risk Group offers a specialized Workers Compensation Insurance program designed specifically for Residential Care Facilities. As a Managing General Underwriter and Excess & Surplus Lines Broker, Novatae delivers tailored solutions to help insurance agents and brokers place coverage for their clients in the residential care sector. Whether your client operates an assisted living facility, a group home, or another type of residential care setting, this program is structured to meet the unique challenges these operations face when it comes to workers compensation exposure.
Ideal Accounts and Appetite
This program is ideal for a wide range of residential care operations, including but not limited to:
- Assisted living facilities
- Group homes for developmentally disabled adults
- Substance abuse recovery homes
- Senior housing and memory care centers
Accounts that demonstrate stable operations, proper employee training, and strong safety protocols are typically a good fit. You might have a client with a small assisted living facility who is struggling to find competitively priced workers compensation coverage—this program may be a solid option.
Coverage Highlights and Advantages
- Only $7,500 Minimum Premium
- 10% commission for appointed agents
- Fast turnaround on quotes with completed applications
- Coverage available in over 20 states
This program is designed to offer flexibility and responsiveness. Agents can count on a streamlined submission process and consistent underwriting support from Novatae’s experienced team.
Underwriting Requirements
To submit an account for review, please include the following:
- ACORD 130 application
- 3 years of currently valued loss runs
- Completed supplemental questionnaire
- Details on any large losses
Territories and Market Access
Coverage is available in the following states: AL, AK, AZ, AR, CA, CO, CT, FL, GA, IL, KY, LA, MS, MO, NV, NJ, NM, NY, NC, PA, SC, TN, TX, UT, VA, and WV. Novatae accesses a range of admitted and non-admitted markets, depending on state availability and account specifics.
Why Work With Novatae Risk Group?
Novatae Risk Group brings deep expertise in the healthcare and human services sectors, offering agents access to competitive markets and responsive underwriting. As a trusted MGU and wholesale broker, Novatae understands the nuances of residential care operations and delivers tailored workers compensation solutions that help agents serve their clients more effectively.
Do you need a Workers Compensation Insurance Quote for your Residential Care Facility client?
Send an email to [email protected] with your coverage needs or call 800-758-8113 to speak to an underwriter immediately.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for assisted living facilities, group homes, memory care centers, and other residential care operations with stable management and safety procedures.
What is the minimum premium for this Workers Compensation program?
The minimum premium starts at $7,500, making it suitable for small to mid-sized residential care operations.
What states is this program available in?
Coverage is available in over 20 states, including CA, FL, TX, NY, and others across the South, Midwest, and West.
What documents are required to submit a quote?
Required documents include an ACORD 130 application, 3 years of loss runs, a supplemental questionnaire, and details on any large losses.
How quickly can I expect a quote?
With a complete submission, Novatae typically provides fast turnaround times, helping you respond to your clients promptly.
Need help placing an account? Connect with a market specialist.