How much insurance does my organization need? This conundrum impacts policyholders from small businesses needing single policies to Fortune 500 companies placing complex, multimillion-dollar insurance towers. For owners and operators of skilled nursing facilities, deciding on the right limits of liability insurance is not just a question of evaluating and balancing the risk of third-party claims to your organization – it can be a question of statutory compliance as well.

While many states do not require nursing facilities to maintain minimum levels of liability insurance, those states that do can pose serious regulatory risks to unwary policyholders. For example, in Virginia, certified nursing facilities must maintain minimum general liability insurance limits of $1 million and minimum pr

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