What's in this article?
- Do I need care home insurance?
- Care home insurance features
- Tips on getting the best cover
- Care Home insurance from Towergate
- Products you may be interested in
- Read more industry articles
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In this simple guide to care home insurance, we explain the features, exclusions and optional covers that are usually found in this type of business insurance. From public liability and contents insurance to the more specific care industry covers like medical malpractice insurance - find out what you need to make sure your care home insurance is right for you.
Simply put, standard business insurance doesn’t include vital protection against the specific risks of the care industry which could leave your service users, staff and business vulnerable. While some insurance providers will patch together various policies to cover your liability, buildings, contents, this will likely leave holes in your cover for:
Medical malpractice insurance - This is a vital cover which protects against claims for example if a staff member was to administer the wrong medication.
Infectious disease cover - Cover against break out of infections is an important protection for most businesses operating in the care industry. We offer cover against all known diseases, but whoever you get insurance with, make sure it offers the widest protection possible.
Increased liability cover - We now offer public liability cover with a £10m limit of indemnity as standard. This has increased from the previous standard of £5m to support our customers to win quality contracts that require this limit.
Residents' contents - The personal belongings, valuables and money belonging to your residents are covered in this section. As an example we cover your residents for valuables up to £1000 per person, pedal cycles, £250 and personal money up to £100. All other items are included within the sums insured you set. These levels can differ between policies so make sure you check what you’re covered for.
This is a marketing article by Towergate Insurance.
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