If you’re an Adult Foster Care (AFC) owner, you likely know that securing business and property insurance can be a tedious and time-consuming task. Finding a provider willing to insure AFC homes at reasonable rates is increasingly challenging. With rising costs and limited options, it can feel overwhelming to ensure your Adult Foster Care Home is adequately protected.
We understand your frustration. Whether you’re recovering from a carrier eliminating coverage for AFCs, searching for lower rates, or simply seeking an expert who truly understands how to insure an AFC provider properly, you’re not alone.
Recently, we sat down with Joe Peiffer from Shield Insurance, who offered some invaluable insights. As a former AFC owner and now a seasoned agent, Joe has first-hand experience navigating the complexities of insurance for Adult Residential Homes. Here, he shares three essential steps that can help you secure the best insurance for your AFC.
Ensuring that all information—such as income, payroll, employee details, and descriptions of operations—is accurate and complete is crucial. Providing this information upfront can prevent surprises and complications down the road.
Maintaining a clean record is key. State inspections without citations, zero claims, and rigorous safety protocols at your facility can significantly reduce your insurance costs. Preventing incidents before they occur is the best way to keep your premiums low.
The last thing you want is to discover that your policy doesn’t cover a claim when you need it most. Work closely with your agent to ensure you have the right coverage for all aspects of your AFC, including auto, property, liability, cyber insurance, and workers’ compensation. Proper coverage can prevent policy cancellations, reduce paperwork, and avoid higher premiums in the future.
If you’re still feeling uncertain about how to secure the best insurance for your AFC, join us on October 8 at the Scaling Up East Conference. Joe Peiffer from Shield Insurance will be there to provide further guidance on how to protect your Adult Foster Care Community effectively.
Register Now to reserve your spot at this must-attend event!
In addition to learning about securing the best insurance, you’ll also benefit from:
Register Now to take advantage of our Early Bird Special of $50 off. Use Coupon Code: SCALE50.
ALSO: Buy one ticket, get the second at 50% off!
Join us for an informative and engaging day, complete with free drinks, food, games, and giveaways. Connect with other AFC owners from across the state and take home valuable knowledge to help you run your AFC Homes more effectively.
Stay Up-to-Date with new content from Care Provider Solutions, including blogs, videos, and more. We’re here to support your journey in opening and operating Adult Foster Care Homes.
See you at the conference!
P.S. Don’t miss out on the chance to meet and network with other AFC Home providers, share insights, and learn how to make your Adult Foster Care Company even more successful!
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