https://completemarkets.com/company/afcins/individual-residential-alternative-insurance/
Individual Residential Alternatives Insurance is a key component of AFC Insurance Inc.’s comprehensive Health & Human Services program. Designed for service providers supporting individuals with developmental or intellectual disabilities, this specialized insurance solution helps protect providers offering care in supervised apartment settings. If you’re working with clients who assist developmentally disabled or mentally handicapped individuals seeking independent living with supportive oversight, this program is built for their unique risks and exposures.
Ideal Accounts and Appetite
This program is specifically tailored for organizations and caregivers offering residential services to:
Developmentally Disabled individuals
Mentally Retarded/Mentally Handicapped persons
Elderly individuals requiring supportive living arrangements
These may include non-profits, private care agencies, and other organizations managing Individual Residential Alternatives (IRAs), supervised apartments, or similar facilities where residents receive daily living support.
Coverage Highlights and Advantages
The program offers a robust package of insurance coverages to address the complex liability and operational exposures faced by IRA providers. Available coverages include:
General Liability and Professional Liability
Property and Auto (with some restrictions)
Umbrella coverage for extended limits
Abuse and Molestation coverage
Coverage Endorsements and Enhancements, including:
Volunteers and Independent Contractors as Insureds
Optional Key Employee Replacement Endorsement
Optional Extended Coverage Endorsement with Blanket Additional Insureds
This flexibility allows agents to meet the specific needs of each client, whether they operate a small group home or a multi-location care organization.
Underwriting Notes and Minimum Premiums
Minimum premiums vary based on the size and scope of the operation, as well as selected coverages. AFC Insurance Inc. evaluates each submission with a focus on aligning coverage to specific exposures. Certain auto risks may be restricted, and a strong risk management or training program is often favorable in underwriting.
Example accounts that fit well include:
A community-based nonprofit operating several supervised apartments for adults with developmental disabilities
A private agency providing 24/7 care to elderly clients in an Individual Residential Alternative setting
Territories and Availability
This program is available in most states, including AL, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, and WY. The program is written on an admitted basis in most states, though availability may vary based on class and carrier.
Why Work With AFC Insurance Inc.?
AFC Insurance Inc. is a trusted program administrator with deep experience in Health & Human Services insurance. Their Individual Residential Alternatives Insurance program is designed with the unique exposures of caregiving and supportive housing in mind. Agents benefit from a responsive underwriting team, flexible coverage options, and access to a variety of carriers. Whether you're helping a startup nonprofit or an established care provider, AFC can help you deliver tailored solutions that protect your clients and support their mission.
Frequently Asked Questions
What types of accounts are a good fit for this program?Organizations providing residential services to developmentally disabled, mentally handicapped, or elderly individuals in supervised apartment settings are ideal candidates.
Is abuse and molestation coverage included?Yes, abuse and molestation coverage is available as part of the program to help address critical liability exposures in caregiving environments.
Are volunteers and independent contractors covered?Yes, the program offers endorsements that include volunteers and independent contractors as insureds, helping clients extend protection beyond regular employees.
Which states is this program available in?The program is available in most states, including NY, CA, TX, FL, and many others. Availability may vary depending on the specific risk and carrier.
What are the minimum premium requirements?Minimum premiums vary depending on coverage selections, risk size, and operations. AFC evaluates each submission individually to determine premium requirements.
Need help placing an account? Connect with a market specialist.