Care Home Insurance

At Falcon Insurance we understand that looking after residents in these settings requires a high-level of care and is often complex in nature. In this high-risk sector it is crucial that you protect yourself and your organisation, mitigating your risks so that you are able to focus on the day-to-day quality of care you provide. So if you’re asking yourself, do I need care home insurance? Keep in mind that through elderly care home insurance, you have the peace of mind that your organisation is covered in the event of any accidents or injuries to service users or third parties, that your property is insured against any damages due to vandalism, fires or flood and extreme weather conditions, and you and your staff are covered in the event of any legal issues arising from the care you provide.

But what is care home insurance? Care home insurance is a type of insurance that has been specially designed for residential care facilities. It includes a range of different services that are all designed to protect you, your property, your organisation, your staff and your service users. As we mentioned, a care home is a high-risk sector, you might experience (for example) claims from employees for injuries sustained, claims of medical malpractice, and damage to your property and/or contents. This type of insurance is designed to cover you in all of these eventualities, protecting you from financial loss.

What can care home insurance cover? Our comprehensive care home plans are designed to cover a wide range of services and facilities, including:

• Nursing or residential care homes
• Supported living facilities
• Hospices
• Dementia care homes
• Care homes for adults with learning disabilities
• Care homes for adults with mental health
• Care homes for addictions
• Children’s care homes
• Day care services
• Home portfolios
• Small businesses and start-up businesses

There are lots of risks to running a care home, from employee injury claims, damage to the property or contents in the property, to medical malpractice claims and much more. Having a comprehensive residential care coverage insurance policy in place can help to protect you from the financial loss any of these risks could potentially cause your business. Therefore, if any legal issues due arise from service users or employers, your insurance will cover the legal fees and any compensation, if your property or contents are damaged or stolen, you will be covered to repair or replace these at no extra cost to your business, and if you were to have to temporarily close your business due to damages caused, you would be covered by your business interruption policy, meaning you would not lose any income for the duration your business is closed. All of these have the potential to be costly and potentially have a significantly negative impact on your business, therefore, long-term care insurance gives you peace of mind you will be covered financially, regardless of what problems you come up against, allowing you to focus on accessing and providing quality and secure care home services.

Care home insurance is the ideal insurance solution for anyone in a position of decision-making in a care home setting. Care home insurance is something all care home owners, administrators and decision-makers should take into consideration, due to the high level of security and assurance it provides to care facilities.

If you would like to apply for nursing home insurance, or if you’re unsure if assisted living insurance is right for you and your business, you should contact us now. We will not only be able to answer any questions you have, but we will also provide you with a free, no-obligation, personalised quote that is suitable for your business. We take the time to learn about your business so we can be sure we recommend the right level of cover and the most suitable services for your business. For a free quote, contact us by sending us a message through our online contact form, or calling us on 0121 679 7265. Our expert advisors are on hand now to answer any questions you have.