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Care Home Insurance

CARE HOME INSURANCE

CARE HOME INSURANCE BROKER

As insurance brokers, IC Insurance does all the hard work for you, so let us take help you with your care home insurance needs. You don’t have to worry about anything – we’ll search all companies to find the best quote and provide you with affordable insurance cover on our vast portfolio of products. Our process is also quick and straightforward and offers you handpicked insurance policies you can trust. To request a quote, send us your details and we’ll come back to you within 24 hours on business days.
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BESPOKE RESIDENTIAL CARE HOME INSURANCE

If you are a care home owner, you and your staff are going out of your way to provide care to some of the most vulnerable and disadvantaged segments of society. While your work is truly rewarding, it does not come without unique challenges.

The care industry faces several challenges and risks, and that is why nursing home insurance is considered a staple. Without a targeted care home business insurance policy in place, you run the risk of being personally liable for third party claims and property damage.

No two nursing homes are the same in terms of the care services they provide and the risks they face. So, IC Insurance Solutions offer bespoke care home insurance packages tailored to the specific needs of your care home.

WHAT DOES CARE HOME INSURANCE COVER?

Our key covers include:

BUILDINGS

Our buildings’ policy would compensate you for the cost of rebuilding, repairing or renovating your care home in the event it gets damaged or destroyed by an insured event.

GENERAL CONTENTS

A general contents’ cover protects the contents (including appliances, furniture, and equipment) within your care home premise against theft and damage.

COMPUTER EQUIPMENT

Computer equipment insurance provides coverage and protection against loss or damage to computers and any related hardware in the home.

PORTABLE EQUIPMENT

A specialised policy focused on protecting portable equipment, including mobile phones, laptops, and cameras that are installed on your care home premise.

RESIDENTS AND SERVICE USER’S PERSONAL EFFECTS

Covers the possessions of your residents or users against theft or property damage.

TENANTS’ IMPROVEMENTS

A cover against damage or loss of improvements made to your residential home for the benefit of (or by) your residents.

EMPLOYERS’ LIABILITY

In the UK, employers’ liability insurance is a legal requirement if you employ anyone. This policy covers compensation payouts and legal expenses if a member of your staff files an accident or injury claim.

MANAGEMENT LIABILITY

Management liability cover protects you and your care home against mismanagement. It covers owners, directors, and management against various risks associated with managing a nursing home.

MEDICAL MALPRACTICE

Deemed essential for care homes, a medical malpractice insurance policy covers legal expense and compensation if a claim pertaining to medical malpractice, neglect or abuse is filed.

PUBLIC LIABILITY

A public liability policy covers your liability towards your residents, clients, suppliers, visitors and members of the public.

Public liability pays for compensation, medical expense, and legal costs if one of the aforementioned parties file an accident, injury or property damage claim.

PRODUCTS’ LIABILITY

Covers the cost of legal action and compensation in case of third-party injury or accident claims associated with the products used at your residential home.

WHAT IS CARE HOME INSURANCE?

Care home insurance consists of a combination of covers designed to offer protection to registered and recognised UK-based charities that provide care for the elderly, for children, for disabled individuals and for people with mental health problems, such as dementia.

Regular business insurance is not adequate for residential homes because they are specialised institutions offering care-related services.

If you are running a home in the UK without a comprehensive policy in place, you are putting your primary clientele, employees, and business in a vulnerable position. It is also a statutory requirement to have adequate insurance in place as part of the CQC requirements in England and the CIW requirements in Wales.

As dedicated care home insurance brokers, IC Insurance can help by identifying the risks your care home faces and then collaborating with partner insurers to create a bespoke insurance plan that mitigates your risks and offers reinforced protection to your business.

At IC Insurance we understand that with insurance no one appreciates how good their policy is until they make a claim. That is why our claims experts have one objective which is to get the claim resolved as quickly as possible so our clients and their residents face the least disruption in what can be a challenging time. Request a quote to speak to us more about our nursing home insurance packages.

WHAT TYPE OF HOMES CAN TAKE OUT CARE HOME BUSINESS INSURANCE?

We offer bespoke care home insurance policies for a variety of settings. These include:

• Children’s homes
• Clinics and rehabilitation centres
• Daycare services
• Hospices
• Learning and physical difficulties

• Mental health and mental disorder
• Nursing or residential care homes for the elderly
• Supported living
• Sheltered accommodation

FREQUENTLY ASKED QUESTIONS ABOUT INSURANCE FOR CARE HOMES

DO I NEED CARE HOME INSURANCE?
Due to CQC Requirements it is a statutory requirement to have adequate insurance in place for your business. Standard business insurance doesn’t always include the vital protection required for a care home. The specifics of running a care home mean that your policy needs to address these; otherwise, you could leave your residents, staff and business vulnerable.
HOW DO I BUY CARE HOME INSURANCE?
When you buy nursing home insurance through us, you deal with a specialist insurance broker who knows about the industry. This means they can offer you advice about the level of cover you need for your business. At IC Insurance, we work with a range of insurance companies, so that we can find the best quote for your needs.
WILL MY POLICY INCLUDE SPECIFIC INFORMATION RELATING TO THE CARE INDUSTRY?
No two insurance policies are the same. As insurance brokers, we search the best deal for you, and we will consider the level of cover you feel you need. Residential home insurance provided through IC Insurance will include industry-specific requirements, such as medical malpractice insurance, increased liability cover, contents cover to protect your residents against theft and damage and protection against loss of registration. Policies will also include personal injury cover, statutory regulatory appeals, legal defence, and crisis communication for your care home. It is our job as a broker to consider the type of cover available and the terms and conditions which can be applied to ensure you are covered.
WILL PROFESSIONAL INDEMNITY COVER BE INCLUDED FOR MY NURSES?
As we work with a number of insurance providers, we aim to include medical malpractice for your staff within nursing home insurance policies. This will usually include professional indemnity cover, material damage and legal expenses cover as obligated by the NHS. Our brokers can discuss this in more detail once a quotation is provided.
I HAVE A PORTFOLIO OF HOMES, WHAT ARE THE BENEFITS OF A SINGLE SITE CARE HOME POLICY?
As each care home is unique, there is a strong need for each of them to have a policy unique to its offering as well. This ensures that the policy will provide the best cover for the individual location. If you have multiple sites within your portfolio, we can help provide individual policies for each separate entity.

REQUEST A CARE HOME BUSINESS INSURANCE QUOTE

About IC Insurance

Our passionate team consists of experienced insurance experts and seasoned brokers who know everything there is to know about care home insurance. IC Insurance has also developed strong partnerships with insurance providers, which allow us to give you comprehensive coverage at a competitive price. If you have any questions or want a free quotation, contact our specialist advisors on +441204565600 or email us on info@icinsurance.co.uk.

To request a quote, send us your details and we’ll come back to you within 24 hours on business days.