Guest Author Post: Insurance woes facing care sector

24 Sep, 2020

The care sector has been gradually facing a hardening insurance market as fewer insurance companies are prepared to provide cover. In recent months some of the main remaining insurers have withdrawn leaving the situation even more difficult. On top of this the insurance industry in general is seeing a sharp rise in premiums and a reduction in the cover they are prepared to offer. This is bad news for the care sector, already under pressure from the impact of Coronavirus.

Insurance companies are now more fussy than ever so if you want insurance for your care home to remain affordable and effective you need to make yourself attractive to the underwriters. One of the best things care businesses can do is to demonstrate a high standard of professionalism, risk management and a culture of ongoing improvement. ISO certifications are an ideal way of doing this as they are understood and respected by insurance companies.

If you run a residential or domiciliary care business being able to prove and explain to insurers that you are low risk could do more than just save you money it could make you insurable when many businesses are struggling to find cover or forced to buy cover that is not fit for purpose.

If you require assistance with your insurance, you can contact Duncan Sutcliffe and his team at Sutcliffe & Co Insurance Brokers: 01905 21681 or by emailing enquiries@sutcliffeinsurance.co.uk.

If you’re considering ISO Certification to help reduce your insurance premiums, please call us on 0330 058 5551 or if you’d prefer to put in an enquiry and have a free consultation, click here.

Author Bio

Duncan Sutcliffe is the Director of Sutcliffe & Co Insurance Brokers. You can contact Duncan and his team on 01905 21681 or by emailing enquiries@sutcliffeinsurance.co.uk.

Related Posts

Why is Lauren Authentic?

10 Dec, 2021

When we started nominating someone for our ‘Value of the Quarter’, we knew our customer service queen Lauren Kebby had to be nominated for one of the values, but which one was a tricky decision, fitting both approachable and authentic.

Overwhelming Support for Local Foodbank

8 Dec, 2021

As we come to the end of another challenging year, we’ve been overwhelmed once again by the response we’ve received to our Bingo Box campaign, helping to feed families in crisis this Christmas.

Extension to the New UKCA Marking System

16 Nov, 2021

Businesses have been given an extension on the adoption of the new UK Conforming Assessed (UKCA) marking system following Brexit. Find out more here…

Climate Deal Struck at COP26

16 Nov, 2021

After overrunning, a deal has finally been struck at COP26.  Get the details on the Glasgow Climate Pact and steps you can be taking today in the race to net zero.