June 16, 2024


Ansvar introduces new care and welfare policy | Insurance Business UK















It complements existing coverage for charities, third-sector orgs, and more

Ansvar introduces new care and welfare policy

Insurance News

By
Kenneth Araullo

Ansvar Insurance has announced the launch of its latest product, the care and welfare policy, specifically tailored for care homes, organisations offering wraparound childcare solutions, and providers of care-related services.

The care and welfare policy allows providers to select the most relevant sections of cover for their 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 includes assistance for alternative accommodation for residents and employees during unforeseen disruptions, as well as standard loss of registration cover.

“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,” Ansvar head of underwriting Adam Tier (pictured above) said.

The care and welfare insurance policy is available through Ansvar’s network of insurance advisors across the UK. This new addition to Ansvar’s portfolio complements its 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, an international family of specialist financial services companies owned by a charity that donates all available profits to charitable causes.

Earlier this year, the insurance provider also unveiled its new business, office, and retail policy, targeting social enterprises, commercial entities, retail outlets, and office-based businesses across the UK.

“We recognise that companies are involved in a broad array of trades and activities, with each having varying levels of exposure to different risks,” Tier said. “Our business, office, and retail policy provides flexibility by allowing organisations to customise their coverage, ensuring they are adequately protected, in a cost-effective package.”

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