What does care home insurance cover?

Since our founding in 2019, we have helped countless Care Homes get the protection they need.

At UK Sure we cater to a wide care home business and will always be happy to discuss any risk with you.

As a guide, below are the types of care home risks we insure:

• Elderly and adult care homes Homes that accept general and nursing care plus care of residents with dementia

• Homes specifically for residents with learning disabilities or mental health problems

• Homes which also have elements of domiciliary care or supported living

• Hospices and associated retail and fundraising risks

• No limits to the size of home we can accept

Care Home insurance for Nursing Home & Hospices

Care home insurance is designed to protect care homes (both residential and nursing homes) from financial losses due to various risks. The coverage can vary depending on the policy, but here are some common aspects it may include:

Insurance designed to protect care homes from financial losses due to various risks.

Care home property damage

Covers the physical structure of the care home and its contents (e.g., furniture, equipment, etc.) in case of damage caused by fire, floods, storms, vandalism, or accidental damage.

Care Home Public Liability Insurance

Protects against claims made by third parties (e.g., visitors or contractors) for injuries or damage to property while on the premises. For example, if a visitor falls and gets injured, this insurance would cover the legal costs and compensation.

Employers` Liability Insurance

A requirement by law in many places, this insurance covers employees in case they get injured or ill as a result of working at the care home. It pays for legal costs and compensation claims from staff.

Professional Indemnity Insurance

If a claim is made for negligence or mistakes in the care or treatment of residents (for example, failure to provide proper medical care), this insurance will cover the legal costs and any compensation owed.

Theft & Fraud

Covers the financial loss from theft, including any incidents involving employees, residents, or outside parties.

Business Interruption Insurance

Provides coverage for lost income if the care home has to close temporarily due to a covered event (e.g., fire, flood). This helps cover fixed costs such as staff salaries and bills during the downtime.

Legal Expenses

Covers the costs of legal representation in case of disputes, regulatory investigations, or claims made against the care home.

Clinical or Medical Equipment

If the care home uses specialized equipment (like mobility aids, oxygen machines, etc.), insurance can cover the replacement or repair of such equipment if it is damaged, lost, or stolen.

Personal Accident Insurance

Covers employees and sometimes residents for accidents, including disability or death, that happen on-site.

Employee Dishonesty Coverage

Protects against financial loss caused by dishonest or fraudulent actions by employees.

Conclusion

It's important for care homes to assess their specific needs based on their services and operations to make sure they have comprehensive coverage.

Are you looking for Care Home insurance?

Call UK Sure on 01323 416706 or click here to get a quote