The Risk Managment of Long Term Care Insurance, a Delaware Business Insurance Update

The long term care insurance marketplace is going through some major changes which may not be good for policy holders. As the claims for these policies are being paid insurance companies who wrote the policies are realizing they have under reserved. This is causing more claim payouts than were expected. The result of this is a lot if insurance companies are no longer writing this type of coverage. With very few players in the market, long term care insurance rates are just going to go up over the next few years. Small business owners and larger business owners who have insurance and risk plans for their companies, usually include some long term care. However as this market contracts, and the costs go up, I can imagine that this insurance product will be dropped from these risk plans. Until next time be careful out there and know your risks. K
G. Kevin Nemith , Small Business, Business Insurance Specialists, Serving Delaware, Pennsylvania, Maryland, and New Jersey. 
www.cncinsurance.com
www.bizinsurancetv.org

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