Forewarned is forearmed

Posted on October 1st, by editor in Caring Times. No Comments

|Rates for commercial insurance have rocketed over recent years. But care home operators can minimise premiums by reducing their exposure to risk| The worse hit by hikes in commercial insurance premiums have tended to be “higher risk trades”, including care homes, where employees are considered to be “at risk”. In some sectors, 300 to 400 per cent increases are not unheard of and in best case scenarios, increases are around 25-30 per cent. But in addition to facing increased premiums, certain trades and classes of “risk” have become increasingly unattractive to insurers and many firms may not even be able to find an insurer to take on or renew their risk. As a leading independent provider of commercial insurance and risk management services, Abbott & Bramwell is helping companies to reduce these high premiums and protect the long term profitability of their business ­ through prevention as well as cure. David Abbott, a director of Abbott & Bramwell, explains: “There has not been an isolated reason for the in

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