About Us

National Assisted Living Risk Retention Group, Inc (NALRRG) is a U.S.-domiciled insurance company organized according to the 1986 Federal Risk Retention Act. The company has been in business since 2003 and has a proven track record of financial stability.

The company was formed by members of the North Carolina Association Long Term Care Facilities (NCALTCF). The NCALTCF members are themselves owners and operators of assisted living facilities.

Venture Captive Management, LLC, professional insurance managers, manages the day-to-day operations of the Risk Retention Group.

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NALRRG Product Features

The Product
general and professional liability coverages are provided for assisted living facilities, group homes, and adult day care in 10 states. We have introduced recently an administrative procedures protection cover that can be added to NALRRG's general and professional liability policy by endorsement. The endorsement covers fines and penalties levied by any government agencies, loss of income from suspension of payments, and defense cost. Insureds are stockholders in the Company.

Easy Online Application
The NALRRG product design is simple and was adapted to be offered online. Prospects and Insureds can click on the 'Get Quote' button shown on the top page to get a quote, or find an agent.

No Deductible
There is no deductible under our policy. Therefore, every legitimate claim is paid from first dollar. The insured is not responsible for any part of the claim up to the policy limit.

Sensible Limits of Liability
NALRRG offers low limits based on the premise and actual experience that higher limits attract aggression from plaintiff's attorneys. The attorneys are more inclined to file suit and make high money demands if the limits of liability are excessive because they benefit more financially from these large limits. While NALRRG's policy limits are low, they are adequate. The experience shows that claims are settled well within NALRRG's policy limits.

Risk Management Assistance
When incident reports are submitted to NALRRG (via its Claims Administrators), where necessary, advice is offered to the insured with respect to their systems and procedures, or lack thereof, with a view to improving their risk management and loss prevention mechanisms. Additional third party risk management services are also available.

All Insureds are Stockholders
The Risk Retention Act 1986, under which rules and regulations NALRRG falls, stipulates that all insureds of a Risk Retention Group must also be shareholders. Therefore, all applicants for insurance must also make subscription towards stock for the first year only.

Claims Administration
Our claims administrators are experienced, aggressive, efficient, and work hard for the insured. Their philosophy is to settle those legitimate claims as quickly as possible and to fiercely defend those that have no merit.