Care Home Insurance
Care Home Insurance
Care home insurance is a specialist business insurance for residential care facilities and supported living. It provides varied insurance products to help protect the business, its owners, and its operators.
However, there are many risks associated with running a care home or residential supported living, such as claims of medical malpractice, employee injury claims, and possible damage to your buildings or contents due to events such as fire or flood. Therefore having a care home insurance policy in place can help protect you from such eventualities. Furthermore, we also understand that there is more potential for things to go wrong when your residents are elderly or have high care needs.
Our residential care home insurance can help mitigate your risks so that you can focus on your day-to-day provision of providing quality care for those who rely on you.
Do I need Care Home Insurance?
Having sufficient insurance in place can be vital to protect you from the many risks you face, but it is also necessary to meet the requirements of the relevant regulatory bodies. These include the Care Quality Commission (CQC), Ofsted(England), the Care Inspectorate Wales, Education and Training Inspectorate (Northern Ireland), and HM Inspectorate of Education (Scotland).
Your rating from the regulatory bodies can affect your premiums.
Types of Care Homes we Cover
- Nursing or residential care homes
- Dementia care homes
- Supported living facilities.
- Hospices
- Care homes for adults with learning difficulties.
- Care homes for adults with mental health issues and addictions.
- Day care services
- Children’s care homes
- Small businesses and start-ups
- Portfolios of homes
What is included in Care Home Insurance?
Specifically cover can be designed according to the type of service you provide, so we cover everything from dementia care homes to supported living facilities, from day care services to homes for adults with learning difficulties.
However your cover is tailored according to your business’s needs, taking into account the type of service provided, the size of your organisation, and the level of risk associated.
Standard cover will typically include:
- Public Liability
- Employers’ Liability
- Medical Malpractice Cover
- Buildings Insurance
- Care home contents.
- Residents’ personal belongings
- Professional indemnity
- Abuse and molestation cover.
What additional covers are available for Care Home insurance?
Whilst not standard, you can add a plethora of additional covers that provide additional protection for you, your employees, and your business. These include, but are not limited to;
- Money and personal assault
- Book debts insurance
- Legal expenses
- Directors’ and Officers’
- Business interruption
- Personal accident
- Cyber liability
- Inspection and breakdown cover
Why choose Konsileo for your Care Home insurance?
We are an independent commercial insurance brokers made up of experienced, local brokers who care about helping you grow and protecting your business properly. We understand the complex risks and challenges your organisation faces and the specific insurance needs you may have, tailoring policies to suit your unique position. We provide advice and support all year round, not just when your renewal date is coming up.
Frequently Asked Questions
Care home insurance is suitable for organisations that provide residential or nursing care. This includes residential care homes, nursing homes, dementia care homes, learning disability services, respite care providers, supported living facilities, and specialist care providers. Whether you operate a single home or multiple locations, specialist insurance can help protect your business.
Public liability insurance helps protect care homes if a resident, visitor, contractor, or member of the public suffers an injury or property damage because of the care home's activities. It can help cover legal defence costs and compensation, subject to the terms and conditions of the policy.
Yes. Most care homes employing staff are legally required to have employers' liability insurance. This cover helps protect employers if an employee becomes ill or is injured because of their work. Given the physical nature of care work, employers' liability insurance is an essential part of a comprehensive care home insurance policy.
Many care home insurance policies can include cover for residents' personal belongings, although the level of protection varies between insurers. Cover limits, exclusions, and the types of items insured should always be checked within the policy documents
Professional indemnity insurance helps protect care providers against claims arising from alleged negligence, errors, omissions, or breaches of professional duty in the care services they provide. This cover can help with legal defence costs and compensation where a claim is made, subject to the policy terms.
Business interruption insurance can often be included as part of a care home insurance policy. It helps protect against financial losses if your care home cannot operate normally following an insured event, such as a fire, flood, or significant property damage. Cover may help with ongoing operating costs and loss of income while your business recovers.
Yes. Specialist care home insurance can often be tailored to suit different types of care providers, including residential care homes, nursing homes, dementia care facilities, mental health services, supported living providers, and specialist care organisations. Policies can be adapted to reflect the services you provide and the risks your organisation faces.
We insure a great deal of industries.
Looking to cover your business but not finding the industry you’re looking for?
Take a look at all the industry sectors we serve below.