Continuing Care RRG, Inc.: Overview; Contacts, Claims, Services, Ratings, Reviews, Affiliations and Many More

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Are you looking for a reliable and affordable liability insurance company for your long-term care facility? Learn more about Continuing Care RRG, Inc/PHOTO COURTESY: Instagram

If you are a long-term care provider, you know how important it is to have adequate and affordable liability insurance coverage for your facility and your residents.

You also know how challenging it can be to find an insurance company that understands your specific needs and risks.

That’s why you should consider Continuing Care RRG, Inc. (CCRRG), a company that specializes in liability insurance for long-term care facilities, such as:

  • nursing homes
  • assisted living facilities
  • residential care facilities

In this article, I will tell you everything you need to know about CCRRG, and why it might be the perfect choice for you.

What is CCRRG?

CCRRG is a risk retention group (RRG) that is owned and operated by its members, who are long-term care providers that share similar liability exposure.

RRGs are formed under the federal Liability Risk Retention Act of 1986.

It allows them to operate in any state without obtaining a license, as long as they register and comply with certain regulations.

RRGs are designed to provide customized and cost-effective insurance solutions for businesses or individuals who face difficulty obtaining coverage from traditional insurers.

CCRRG was formed in 2005 by Magnolia LTC Management Services, Inc., a firm specializing in senior care insurance products and services offers comprehensive and flexible coverage options for long-term care facilities, including:

  • professional liability
  • general liability
  • medical payments, and other coverages.

CCRRG is domiciled in Vermont and operates in 50 states.

What Does CCRRG Offer?

CCRRG offers a variety of products and solutions for different types and sizes of long-term care facilities.

Some of the products and solutions include:

– Claims-Made Policy: This is the most common type of liability insurance, where the policy covers claims that are made and reported during the policy period.

The policy period can be extended by purchasing tail coverage or prior acts coverage.

The premium amount depends on the claims history, exposure, limits, deductibles, and other factors.

– Claims-Paid Policy: This is a unique type of liability insurance that is exclusive to CCRRG, where the policy covers claims that are paid during the policy period.

The policy period can be extended by purchasing tail coverage or prior acts coverage.

The premium amount depends on the claims history, exposure, limits, deductibles, and other factors.

– Portfolio Program: This is a type of liability insurance where the premium is based on the aggregate risk of the portfolio of facilities.

The premium amount depends on the portfolio characteristics, such as exposure, loss ratio, delinquency rate, and other factors.

How to Contact CCRRG?

If you are interested in learning more about CCRRG or obtaining a quote,
you can contact them by phone or email:

– CCRRG Phone Number: (800) 227-7452

– CCRRG Contact Email: info@ccrrg.com

You can also visit their website

Quick Facts about CCRRG

– CCRRG has over 100 members and insures over $50 million of liability exposure annually⁴.

– CCRRG has an A.M. Best rating of B+ (Good) with a stable outlook⁵.

– It has a low loss ratio of 40% and a high retention rate of 80%.

– CCRRG has a dedicated claims team that handles claims promptly and fairly.

– CCRRG has a strong reinsurance program that provides financial stability and security.

Company Culture

CCRRG has a strong company culture that is based on its core values of integrity, excellence, innovation, teamwork, and customer focus.

The company strives to create a positive and rewarding work environment for its employees, who are passionate, talented, and dedicated to serving its customers.

The company also promotes a culture of social responsibility and community involvement by supporting various charitable causes and organizations.

Renewals & Cancellations

CCRRG offers easy and convenient renewal and cancellation processes for its customers.

Customers can renew their policies online or by phone or email.

The Customers can also cancel their policies at any time without any penalty or fee.

Customers can request a refund of any unused premium or apply it to their next policy.

Also, customers can also transfer their policies to another carrier or entity if they wish.

Financial Details

CCRRG is a financially sound and stable company that has been in business for over 15 years.

It has a strong balance sheet and a solid capital base that enables it to meet its obligations and withstand market fluctuations.

The company has an A.M. Best rating of B+ (Good), which reflects its adequate financial strength and operating performance.

The company has also maintained a consistent profitability record and a positive cash flow.

Conclusion

CCRRG is a great option for long-term care providers who are looking for reliable and affordable liability insurance coverage for their facilities and their residents.

By choosing them, you will not only save money and reduce risk but also gain access to comprehensive and flexible coverage that meets your specific needs and risks.

You will also receive excellent customer service and support from the experienced staff of CCRRG.

If you want to take your liability insurance to the next level, contact CCRRG today and see how they can help you.

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