Master Fiduciary Liability Insurance For Senior Living Success
Cost Considerations and Finding the Right Policy
The cost of fiduciary liability insurance can vary based on several factors, including the size of your facility, the number of employees, and the complexity of the benefit plans you manage. On average, premiums can range from $500 to $2,500 annually for smaller plans, with higher costs for larger or more complex arrangements1. It's important to compare policies and providers to ensure you are getting the best coverage for your needs.
Many insurers provide flexible payment plans and discounts for facilities that implement robust risk management practices. As you search options, consider consulting with an insurance broker who specializes in the senior living sector to help navigate the various offerings and find a policy that aligns with your budget and coverage requirements.