In this episode of the RAL Room Assisted Living Podcast, Dr. Alex Schloe sits down with insurance expert Lori Conway to discuss one of the most overlooked aspects of assisted living ownership: insurance and risk management. 🛡️🏡

With more than 25 years of experience, Lori shares valuable insights into the unique risks assisted living operators face, common coverage gaps, and how the right insurance strategy can protect both your residents and your business.

Here’s what we cover:
✅ The biggest insurance mistakes assisted living owners make
✅ Common risks including falls, elopement, medication errors, and abuse claims
✅ Essential coverages every assisted living operator should consider
✅ Real-world claim examples and lessons learned
✅ How to compare insurance quotes beyond just the premium price
✅ The pros and pitfalls of using AI to review insurance policies
✅ Practical risk management strategies to reduce liability and protect your business

👉 Whether you're launching your first assisted living home or scaling your portfolio, this episode highlights why insurance is more than a requirement—it's a critical part of protecting your operation and ensuring long-term success.

Join the RAL Room Assisted Living Mastermind
Book a Free RAL Room Discovery Call With a Member
Passively Invest in Assisted Living
Get our Free 10-Step Guide to Buy Your First or Next RAL
Join our Free Facebook Community

Connect with Charlie
Instagram

Connect with Alex
Instagram
LinkedIn

Book a Discovery Call with Legato Living: https://theralroom.com/legato/

Legato Living Webinar: https://link.theralroom.com/widget/form/MOHhovWX66z8RdMLiHFs 

Most Recent Episodes

June 16, 2026

Why Every Assisted Living Developer Needs an Owner’s Rep with Done. Project Solutions

In this episode of the RAL Room Assisted Living Podcast, Charlie Cameron and Aaron Ameen sit down with Bailey Fait and Blake Fitzel of Done. Project Solutions to break down the role of construction...

Listen · 45:14

June 9, 2026

Inside the RAL Room: Houston Event Recap, Major Updates & What’s Next

In this episode of the RAL Room Assisted Living Podcast, Alex Schloe, Charlie Cameron, and Aaron Ameen recap the incredible Houston RAL Room event and share major updates shaping the future of the...

Listen · 37:50

June 2, 2026

How to Convert Homes into Assisted Living: Design & Renovation Tips with Zach Rynders

In this episode of the RAL Room Assisted Living Podcast, Charlie Cameron sits down with Zach Rynders, co-founder of R2 Studios Architecture, a firm that has helped design over 200 assisted living...

Listen · 36:56

Load More Episodes

Alex Schloe Dr. Alex Schloe

Dr. Alex Schloe is a husband, father, multifaceted real estate investor, entrepreneur, and Air Force family medicine physician who helps physicians unlock financial freedom in the hospital and at home through real estate investing and entrepreneurship. As the host of the Physicians and Properties Podcast and co-host of The RAL Room Assisted Living Podcast, Alex shares actionable insights on building wealth, creating impact, and designing a life of purpose. Him and his partners have a goal to open 100 RAL homes by 2027.