What cover options can foster care agency insurance include?
We know running a foster care agency presents daily risks, from child safeguarding responsibilities to employee security and data protection. We understand that the accountability pressures you face for children in your care are increasing. We're here to ensure that your insurance cover provides the protection you need.
The standard foster care policy includes:
- office insurance for contents, computer equipment and business interruption
- employers, public and products liability
- professional indemnity and medical malpractice
- wilful damage – cover for damage caused by children to any property whilst under care
- abuse – £5 million limit as standard
- cyber liability
- management liability (directors and officers insurance)
- commercial legal expenses.
How our team of foster care insurance experts can help you
Our team of experts has years of experience supporting businesses in the care sector.
We take time to manage your risks and arrange cover that's right for your foster care agency, so you can relax and support the children in your care, knowing you, your business and your staff are protected.
Cyber-crime in the health and care industry is now more frequent and sophisticated than ever. We can arrange cyber liability insurance to help protect against the risk of an attack on your business.
Corporate legal liability
Protects your company against defence costs and awards associated with several events. This may include breach of data protection, health and safety, maladministration of a company pension or other regulatory claims.
If someone claims a wrongful act: as a breach of duty or trust, a negligent act, or defamation against your company. Your director may be held liable, presenting a risk to their livelihood. Management liability will protect them.
Employment practice liability
If your company faces allegations of, for example, sexual harassment or wrongful dismissal by employees, this insurance will protect against compensation costs due. Legal costs in defending your case will also be covered.
Frequently asked questions
The level of cover you need will depend on many factors. We would need to assess your business and the risks it faces, then make recommendations.
In larger organisations, or where several employees are in one location, we'd recommend increased limits of cover are arranged.
As an employer, you're legally required to have employers liability cover for compensation of at least £5 million, but most policies will offer cover for £10 million.