All of the insurance products provided to Mississippi nursing home owners by the MHCISC are also owned by Mississippi nursing home owners. The basic theme directing the operations of each is "sound conservative management" which includes among other things, the use of good common sense!
All of our insurance programs fall under the regulation of one or more governmental bodies, be it the Department of Insurance, Department of Labor, the Workers Compensation Commission or a combination thereof.These regulatory bodies prescribe minimum standards for authority to operate our insurance plans.
All of our insurance programs fall under the regulation of one or more governmental bodies, be it the Department of Insurance, Department of Labor, the Workers Compensation Commission or a combination thereof.These regulatory bodies prescribe minimum standards for authority to operate our insurance plans.
Services
Through the period of 1950-1990, Mississippi nursing homes were repeatedly "shunned" by traditional workers compensation insurance companies. These companies considered our industry to be "too high risk" to insure. In 1990, we took matters into our own hands! The MHCA SIF was created by Mississippi nursing home owners, for nursing home owners and since then, we have never looked back!
No one would question that the quality of care given to our residents is greatly affected by the dedication and experience level of our employees. We would also agree that it is difficult to hold on to good employees even after we have spent large sums of money to train them. The retention of good employees was one of the main objectives in creating the MHCA Employee Benefit Plan.
Caregivers United Liability Insurance Company, RRG (CULIC) was created as a response to the absence of Professional & General Liability Insurance for long term care facilities in Mississippi.
The withdrawal of companies from the nursing home liability insurance market resulted in the total absence of "admitted carriers" and the few remaining "surplus lines carriers" were using pricing models which for practical purposes ruled out the possibility of purchasing coverage.
The withdrawal of companies from the nursing home liability insurance market resulted in the total absence of "admitted carriers" and the few remaining "surplus lines carriers" were using pricing models which for practical purposes ruled out the possibility of purchasing coverage.
Long Term Care Employers Insurance Company (LTCEIC) was assembled, filed, and approved in 2005 as a Special Purpose Captive insurance company. It is approved to write "complementary" coverages for other plans we offer. LTCEIC acts as a risk sharing partner and provides needed excess or stop loss coverage for other plans such as CULIC and MHCA SIF, our workers compensation self insurers fund.
Reviews
Be the first to review MHC Insurance Service.
Write a Review
