The care sector in the UK is growing, not just for children but vulnerable adults too. Carersoften shop, act as companions or take on some financial responsibilities too. All that can mean liability for the agency or company if things go wrong, so it makes sense to buy very specific insurance cover. Here’s the word on a product line;
Ansvar Insurance, a provider of bespoke insurance solutions, is pleased to announce the launch of its latest offering, the Care and Welfare policy. Tailored specifically for care homes, organisations offering wraparound childcare solutions, and providers of care-related services, the policy is designed to meet the unique needs and challenges these organisations experience.
The Care and Welfare policy allows providers to select the sections of cover most relevant to their organisation’s operations. These include public and products liability (including Treatment Malpractice), personal accidents, property damage (including property belonging to residents and visitors), equipment breakdown, and business interruption. Notably, the business interruption coverage extends to providing assistance for alternative accommodation for both residents and employees during unforeseen disruptions, as well as loss of registration cover as standard.
Adam Tier, Head of Underwriting, from Ansvar, commented:
“In an increasingly challenging landscape, care providers are shouldering greater responsibilities than ever before. Our new Care and Welfare Insurance policy provides comprehensive protection for organisations and businesses that care for others. By offering customisable coverage options and clear, easily understood terms, we deliver peace of mind and security in an often complex environment.”
The Care and Welfare insurance policy is available through Ansvar’s network of insurance advisors across the UK.
This latest addition to Ansvar’s portfolio complements existing coverage tailored for charities, third-sector organisations, faith institutions, social enterprises, as well as commercial businesses such as shops and offices.
Ansvar is part of the Benefact Group, a charity owned, international family of specialist financial services companies that gives all available profits to charity and worthy causes. According to ‘The Guide to UK Company Giving 2022-23,’ the Benefact Group stands as the UK’s third-largest corporate donor, having donated over £100 million to charity since 2016.
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