Whilst you care for your service users, the protection Care Home Insurance can provide against unforeseen incidents such as fire, flood or litigation following injury to a service user or employee is essential.
If you own or manage a Care Home you will require specialist insurance advice. In addition to typical business insurance cover, you will need additional protection for the particular risks of the care home industry. Issues such as increasing regulation mean it’s important to make sure you have specialist care insurance cover.
Care Home Insurance is a package of covers and includes cover for Contents, Money, Legal Expenses, Employers Liability and Public Liability as standard.
In addition, there are a range of optional covers for Buildings, Business Interruption, Loss of Registration, Goods in Transit, Book Debts, Terrorism, Malpractice and Personal Accident all designed to tailor the policy to your individual needs.
It’s not just property and contents including machinery and computer breakdown cover to think about, you need cover for possibilities such as the deterioration of food, medicines and drugs.
The types of insurance you might consider for your care home include:
- Building and contents, including residents’ effects
- Public Liability Insurance
- Employers Liability Insurance
- Resident’s Personal Liability
- Treatment Risk
- Medical Malpractice
- Legal Expenses
- Business Interruption
- Abuse Cover
- Inspection and Breakdown cover (for equipment such as lifts)
- Personal Accident
We understand that every business, large or small, is different so we offer policy options which can be tailored to the needs of your company.
Employers’ liability – claims arising from injury to employees
It is a legal requirement to hold employers’ liability insurance if you have any employees working for you
Public liability – accidental injury to members of the public at your premises or damage to their property
Legal – defending your business against legal action where this isn’t covered by your liability insurance; for example, in an employment tribunal
Contents – physical damage to your fixtures and fittings, tenants improvements, contents, computers and other business equipment
Goods in Transit – loss of or damage to your goods while being carried in your vehicle(s) as part of your trading activities.
Money cover – following theft from your premises
Business interruption – loss of revenue as a result of a material damage claim
Portable equipment – such as Laptops, Mobile Phones and Cameras
Glass – replacement of internal or external glass at your premises following physical damage
You also have the option to add a range of other covers to your policy:
Buildings – (if you are responsible for insuring the building) ensures that your office building is covered for a number of risks, including fire, flooding and storm damage
Theft by Employees – cover for loss of money or property belonging to you as a direct result of an act of fraud or dishonesty by an employee
Computer Breakdown – cover for your equipment and damage to computer records
Treatment Risks – provides cover in case you cause injury to a person you are or have applied a treatment to
Terrorism – cover for material damage and business interruption if your business is directly affected by terrorism
Excess Protection – cover for your policy excess in the event of a claim
You may also be interested in:
Professional Indemnity – provides insurance to protect you from mistakes you make at work that result in a financial loss to your client after you have provided them with a service or advice
Directors and Officers – covers the cost of compensation to a customer if a claim is made against one of your business directors or other staff (not if the claim is made against your organisation as a whole)
Cyber Protection – if your business collects personal data you should consider protection in the event of a breach of data protection laws or malicious data attacks
Motor Legal Expenses and Courtesy Car – Oncover Insurance offers Motor Legal Expenses and Courtesy Car cover to all our clients