Action | Minimum Liability Insurance for Assisted Living Facilities |
Stage | Emergency/NOIRA |
Comment Period | Ended on 9/11/2024 |
Hello, I am writing to express my concerns about the proposed regulation, 22VAC40-73, and how it will impact small minority business owners like myself who operate small residential assistant living facilities. The burden that this regulation would place on us could potentially put us out of business, affecting our ability to provide housing for Auxiliary Grant residents.
As a business licensed to provide housing, care, and oversight along with medication management, we operate on a daily budget of approximately $70.00. This is significantly lower than facilities such as Group Homes and Nursing Homes, which earn around $1,000 daily. The regulation requirement to obtain a$250,000 policy is simply not feasible, as such policies are not readily available and we would be forced to purchase a $500,000 policy at a much higher cost.
This additional financial burden would not only be unfair to small business owners like myself, but it would also have a detrimental impact on the residents in our facilities. Many of these individuals rely on us for housing and care, and any disruption in our ability to operate could leave them displaced or even homeless.
I urge you to reconsider the implementation of the regulation and take into consideration the needs of the mental health and intellectually delayed residents who depend of facilities like ours for support and care.
Kind Regards