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.