Flood Insurance For Your Business

If you’re thinking about opening your own business, you should make sure that your business will stay open for as long as possible. At least a quarter of businesses that shut down after a flood never open again. From 2007 to 2011, the average insurance claim for flooding was more than $75,000. Do you have that much money in your saving account? The best way to keep from having to shut down is to get flood insurance in CT for your business.

 Flood insurance CTRisk Factor

 When giving you an estimate for flood insurance, the insurance company will determine whether your business is in a low-risk area, a moderate-risk area or a high-risk area. A majority of businesses that are in a moderate- to low-risk area are eligible for insurance at a preferred rate, which is the lowest that is offered. If you’re renting the building where your business is located, you can get contents only coverage. If you live in a high-risk area, the only option you have for flood insurance in CT is a standard rated policy, which is separate contents and building coverage.

Price

 How much you’ll pay for insurance is determined by how old your building is, how many people work in the building, where the contents of your business are located, how many floors there are and how big of a risk there is of flooding.

 

Know that if your business is in an area prone to flooding and you have a federally regulated lender mortgage you have to have flood insurance.

How To Buy An Assisted Living Policy

Having assisted living insurance can be of great convenience to anyone who needs to know that the cost of their assisted living will be taken care of in the event that they’re no longer able to take care of the costs themselves. The price you pay for an assisted living policy will depend on your age and the type of benefits that you need.

Assisted living insurance Where to Start

 The first thing you’ll want to figure out is when you’ll want to start looking for assisted living coverage. If you have good health, it’s recommended that you start looking around 65. If you start looking earlier than this, then you risk wasting your money on coverage that you don’t yet need. You also have to bear in mind that there are certain medical care practices that might no longer exist when you need them, so you’ll want to bide your time wisely while looking into assisted living insurance.

 Do your research on different assisted living facilities in your area and the assortment of services that they offer. You’ll find that different locations in the same area can offer the exact same services at vastly different prices.

Insurance Companies

 The insurance company that you decide on should have the experience and rating necessary to offer you the very best insurance policy. You’ll want to look for companies that at least have a B+ rating and have been in business for a while so that they’ll still be there for you when you need your insurance.

Assisted living insurance can be of great convenience as you start to age. Talk with an experienced and licensed insurance agent about what you’ll need to include on your individual assisted living policy.

Understanding Aggressive Behavior in Residents

Working at a residence for the elderly can be a rewarding experience; it can also be challenging and even dangerous when working with patients whose behavior is affected by advancing Alzheimer’s disease, psychiatric problems or medications that alter moods. For the safety of staff as well as patients, it is important to train your staff to understand the basic strategies to employ when engaging with a patient who is exhibiting challenging behavior. Such training will not only facilitate better communication between workers and residents, it can also help reduce senior living facilities insurance claims that may result from altercations between patients and staff.

First, make sure staff is educated about the common illnesses or disorders that the elderly must contend with. Understanding the issues will help workers identify (and avoid) the triggers that might bring on episodes of aggression in patients. The most frequently reported types of resident to employee violence include hitting, acting out, biting, grabbing or scratching, pushing, or breaking and even throwing objects. Next, employees must be educated about how to defuse situations in which residents are exhibiting aggressive behavior. A process should be established that the staff member can step through, including:

  • Exhibiting a calm, caring attitude
  • Maintaining a polite demeanor
  • Actively listening to convey to the resident that he or she is being heard
  • Speaking slowly in a clear voice that the resident can hear
  • Acknowledging the resident’s feelings with words that show the worker understands the issue (for example, saying “I understand how this can be frustrating”)
  • Asking the resident questions to help reestablish control of the conversation
  • Knowing when to call for assistance before a situation gets truly out of hand

Working in an environment where the elderly residents may become aggressive requires a higher level of attentiveness so that workers aren’t caught unawares should a resident suddenly exhibit aggressive behavior. Talk to a professional insurance agent about these and other risks that may trigger a senior living facilities insurance claim.