'It’s important for CCRCs to have available a product tailored specifically to their needs and that doesn’t require them to subsidize some of the higher-risk areas of the long-term care industry,' said Brian Daly, President of Highland Risk Services.
Glenview, IL (PRWEB) September 09, 2013
Leading insurance wholesaler Highland Risk Services today announced an exclusive partnership with Ironshore to provide liability insurance for the Empirical Risk program. The Empirical Risk program is designed specifically for Continuing Care Retirement Communities (CCRCs) and recognizes and rewards CCRCs for their designation as “best in class” among long-term care industry groups.
CCRCs, which combine at least three levels of care – independent living, assisted living and nursing care in a single setting – traditionally outperform other types of senior living facilities within the long-term care industry.
“It’s important for CCRCs to have available a product tailored specifically to their needs and that doesn’t require them to subsidize some of the higher-risk areas of the long-term care industry,” said Brian Daly, President of Highland Risk Services. “The Empirical program is unique in meeting these needs while at the same time providing the level of financial security that comes through our partnership with Ironshore.”
Ironshore, an insurance carrier rated “A” (Excellent) by A.M Best with a financial size category of XIV, offers progressive solutions for the unique liability issues within the healthcare community. Ironshore, through their IronHealth division, will provide general liability, professional liability and excess liability coverage for CCRCs insured through the Empirical Risk program.
“Our focus at IronHealth has always been to understand risk and to create risk transfer solutions accordingly. As a result, we recognize Continuing Care Retirement Communities as best in class within the senior living industry,” said Matt Dolan, President of IronHealth. “We are excited to recognize Empirical Risk as our exclusive partner for this very specific product niche. The expertise of Empirical Risk and their commitment to safety and claims management will be an asset to CCRCs.”
About Highland Risk Services, Inc.:
Highland Risk Services is an insurance wholesale brokerage, specializing in the healthcare industry with a particular focus on the long-term care industry. Founded in 2007, Highland Risk Services operates on a national basis from our offices in Glenview, IL and Mason, MI, and is now recognized as one of the leading specialist firms in the insurance wholesale industry.
Highland Risk Services
2640 Patriot Blvd, Suite 220
Glenview, IL 60026