What type of insurance is typically required for assisted living facilities?

Assisted living facilities are required to maintain liability insurance and property insurance to protect both the facility and its residents. Liability insurance is essential as it safeguards against claims arising from injuries or accidents that may occur on the premises, thus providing financial protection and legal defense in case of lawsuits. Property insurance is equally important because it covers the physical facility and its contents against risks such as damage, theft, or natural disasters. Together, these types of insurance ensure that the facility can continue to operate and care for its residents in the event of unforeseen incidents, while also maintaining compliance with regulatory requirements that often necessitate these coverages.