Long Term Care (SNFs, ALFs & ILFs)
Baldwin Krystyn Sherman Partners (BKS) provides long-term care companies with customized risk management insurance solutions. We have niche expertise in underwriting and managing risk for assisted living, skilled nursing and home health companies. BKS stands apart from our competition through our key focuses on strategic partnerships, people, processes and deep expertise.
About Our Strategic Partnerships
Our strategic partnerships with AB Risk, RT Specialty, and iPEO Solutions round out our ability to offer the most comprehensive and cost-effective risk financing solutions. As a strategic partner of BKS, iPEO Solutions is the largest broker of LTC co-employment. iPEO Solutions is wholly owned by Mike Ortoll, JV Partner and LTC practice leader at BKS.
Our partnerships give us access to unique markets with expertise beyond that of our competition in the areas of:
- Professional Liability & Medical Malpractice
- Management Liability (D&O) & Employee Practices Liability (EPLI)
- Workers Compensation
- Employee Benefits
The BKS Long-Term Care client engagement process begins with a consultative overview of the existing insurance and risk management program. We call this process RiskMappingTM. Our proprietary RiskMapTM report contains strategic, financial, operational and risk due diligence insights and recommendations. The report will also include a marketing summary and stewardship plan for the account. The RiskMappingTM process is a significant investment of intellectual capital and time on our part and requires the client provide a balance of data for our review; however, the resulting program is entirely customized to the client’s needs and achieves a critical reduction of gaps and overlaps in coverage.
Clients receive a dedicated client service team and risk mitigation services through a team of specialists including safety engineers, claims consultants, actuaries and analysts. This team and our resources are typically found at the carrier level and not “in-house”. Having this team in-house gives our clients the ability to better control over their losses and management and insight of their claims. The data mined by our analysts and actuaries is used to help drive down underwriter pricing at renewal as well.