The number of older Americans is steadily increasing. According to the U.S. Census Bureau, in 2019, the population of people aged 65 and older numbered 54.1 million. It is projected to grow to more than 80 million by 2040.
With an aging population comes an increased need for longand short-term senior care. The demand for more care will increase the burden on nursing facilities and potentially expose an already high-risk industry to even more loss.
In this guide, you will learn more about:
- what contributes to risks
- the most prevalent types of losses
- proper risk management