Novatae Risk Group – Trusted Wholesale and Program Partner for Colorado Assisted Living Facilities

Supporting Colorado Senior Care Communities with Specialty MGA and Allied Program Solutions

Some assisted living facilities and their carriers rely on managing general agents (MGAs) and wholesale distributors like Novatae Risk Group to access specialty capacity and program business. Novatae describes itself as a modern specialty insurance distributor offering solutions from brokers, underwriters, and program managers, operating as an MGA, program underwriter, Lloyd’s coverholder, and wholesaler.

For Colorado-based assisted living and long-term care facilities, Novatae may sit between retail brokers and carriers in “Allied” or healthcare-related programs, helping structure coverage for senior-care risks with multiple insurers.

Who Is Novatae Risk Group?

Novatae Risk Group is the wholesale and specialty arm of World Insurance Associates, branded in 2024 as a “powerhouse” wholesale business consolidating multiple acquired MGAs and wholesalers. Company information describes Novatae as a full-service wholesale insurance brokerage, managing general agency, and program manager that provides brokers and their clients access to exclusive underwriting solutions from more than 500 global insurers.

Novatae’s locations include offices across the U.S., with its primary headquarters noted in Dallas, Texas; it also lists multiple regional offices that support wholesale and program operations.

Why Colorado Assisted Living Facilities Need Novatae

Colorado assisted living facilities may be supported by Novatae when:

• Their retail brokers place coverage through Novatae-managed specialty programs that include senior-care or healthcare components.
• They require access to non-admitted markets, Lloyd’s syndicates, or multiple carriers to assemble a senior-care program.
• They need tailored “Allied” program solutions with specialized underwriting guidelines.

In these situations, Novatae’s wholesale and MGA role is often key to whether coverage is available and on what terms.

What Sets Novatae Risk Group Apart

Novatae emphasizes:

• A broad specialty platform acting as MGA, program underwriter, Lloyd’s coverholder, and wholesaler.
• Exclusive underwriting solutions across dozens of industry classes, backed by over 500 insurers.
• A focus on modernizing specialty distribution and improving speed and support for brokers.

For Colorado assisted living facilities, this can mean access to program capacity and underwriting creativity that individual brokers or carriers may not offer directly.

Coverage Solutions for Colorado Facilities

Through its role as MGA and program manager, Novatae helps support:

• Specialty liability, property, and professional programs that may include assisted living or related healthcare classes.
• Non-admitted and program structures assembled from multiple insurers via wholesale access.
• Enhanced quoting and underwriting processes for specialty classes through its new professional liability and other programs.

Facilities usually interface with their retail brokers; Novatae works behind the scenes with carriers and underwriters.

Industry Insight: The Real Cost of Staff Burden in Senior Care

From an MGA and wholesale perspective, staff burden and weak documentation at senior-care facilities create patterns in submissions and loss runs that affect program design. Portfolios with high workloads and inconsistent documentation show more severe claims and greater underwriting hesitation, pushing more risks toward non-admitted programs and higher pricing.

Colorado assisted living facilities that manage staffing and documentation effectively help MGAs like Novatae maintain attractive terms and carrier participation for senior-care programs.

Case Story: When Documentation Failures Threaten Program Stability

Program managers report that clusters of poorly documented high-severity claims can force changes in program structure—reduced limits, higher deductibles, or even program closures. When MGAs cannot demonstrate that insureds maintain strong incident and care documentation, reinsurers and carriers may withdraw support.

Facilities that invest in documentation discipline and respond promptly to program data requests help Novatae defend program performance and keep coverage options open.

How Caring Data Complements Your Insurance Program

Novatae’s underwriters and program managers rely on loss data, incident trends, and risk-management information from participating facilities. Caring Data, a compliance management platform built for assisted living and long-term care, helps Colorado facilities centralize incident reports, care documentation, and corrective-action plans that support program underwriting and renewal discussions.

By delivering organized, high-quality data, Caring Data makes it easier for MGAs like Novatae to structure sustainable senior-care programs and advocate for facilities with carriers and reinsurers.

Explore Caring Data: https://caringdata.com/

Book a Demo: https://calendly.com/saile/60min

Testimonial

“Managing an assisted living facility means balancing resident care, staff performance, regulatory compliance, and financial risk — all at once. Our coverage often flows through specialty programs managed by distributors like Novatae Risk Group. Using Caring Data as our compliance platform has helped us provide the organized documentation those programs need to keep capacity available. I would recommend this combination to any Colorado facility operator who takes risk management seriously.”

— Executive Director, Assisted Living Facility, Colorado

Get in Touch with Novatae Risk Group

Website:
https://novatae.com/

Novatae lists multiple wholesale and MGA locations nationwide; brokers use Novatae contact points and info@novatae.com to access available programs and underwriting teams.

Final Thoughts

Colorado assisted living facilities that rely on Novatae-managed programs benefit from a broad specialty distribution platform and MGA expertise. Strong facility documentation—supported by Caring Data—helps keep those programs viable and attractive to insurers.

VGM Insurance Services (MGA/Broker) – Colorado