Care Home Insurance

What is care home insurance?

Residential care home insurance is for those nursing homes that cater for the elderly and the impaired. Nursing home insurance is available from QuoteRack for a wide range of residential care homes, including hospices, day care centres and old people's homes.

Nursing homes that care for the elderly and infirm, including those with mental disorders such as dementia, can have their insurance policy tailored to their specific requirements - knowledgeable insurance brokers fully understand the nature of the nursing home profession and will provide appropriate insurance cover at a cost-effective premium.

All care homes, nursing homes and hospices, including those that are run by charities or non-profit making organisations, are required to have appropriate levels of public liability insurance, as well as cover for the property itself, care home staff and supplies.

Who needs care home insurance?

Owners and operators of the following care providers can benefit from appropriate care home insurance:

• Care homes
• Nursing homes
• Hospices

Why use care home insurance?

Families trust care homes and nursing homes to take care of their loved ones when they need it most. Like any business that deals with the public, holding sufficient levels of insurance is crucial to protecting your business against claims should an accident or incident occur.

What does care home insurance cover?

Care home insurance typically covers:

• Buildings insurance: Covering the care home itself, its structure, fixtures and fittings
• Public liability insurance: In the event that an accident should occur within your care home or someone’s personal property be damaged
• Employee's liability insurance: This is required by law for any business that employs staff
• Contents insurance: Protecting your care home’s furniture and contents

Additionally, some insurance providers may also be able to offer additional cover as a part of your care home insurance quote, such as:

• Legal expenses insurance: This will cover your legal fees if you need help from a solicitor, such as employee disputes, compensation awards and contract disputes
• Business interruption insurance: If your business is closed, such as after a fire or flood, business interruption insurance can cover some of your lost income

What if you run a care agency, not a care home?

If you run a care agency, your staff are likely entering a patient’s home instead of housing residents yourself. In this case, specialist cover is required, often including medical malpractice insurance due to medication administration. If you run a care agency and are looking for a quote, please visit our care agency insurance page.

How can QuoteRack help with care home insurance?

QuoteRack works closely with insurance brokers who can offer you access to specialised schemes offered by niche insurance companies offering care home business insurance.

Frequently asked questions

Do I need employee liability insurance?

You’re legally required to hold sufficient employee liability insurance the first day your care home employs staff. Do not delay getting this in place if you plan to bring on a staff member.

How much does care home insurance cost?

As with any business, your quote will depend entirely on your individual business case. Many factors can influence the care home insurance quote you receive, such as:

• Your annual business turnover
• The level of cover - public and/or employers liability - you require
• Your age, location, relevant experience and industry qualifications
• Number of care home residents
• Number of care home staff
• Type of services provided - care home, nursing home, hospice etc
• Previous claims experience

What other types of insurance should I have?

As a care home owner, there are several other insurance types that may be beneficial to your business, such as:

• Key man life insurance: This is life insurance for the key individuals and workers within your business.
• Company director life insurance: This allows you to take out life insurance through your company if you’re a company director.
• Company health insurance: Health insurance cover is available for business owners and their staff.
• Company pension scheme: As an employer, you are now required to provide a company pension scheme for your employees.

Enquire through QuoteRack for care home insurance

If you own a care home, nursing home or hospice and you are looking to insure it, QuoteRack's specialist insurance brokers will help you - just hit the 'Compare Quotes' link to complete your details online.