Insurer: risk control is vital for operators

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

The current crisis in the care home sector has come as no surprise to care home insurance brokers Jardine Lloyd Thompson Healthcare Risks, a subsidiary of Jardine Lloyd Thompson UK Ltd. David Waters of JLT Healthcare Risks said the introduction of the minimum wage and stricter regulations concerning room sizes had put care home owners under unbearable pressure. “It was inevitable that many would begin to crack under the strain, especially as the Government has done nothing to help them,” Mr Waters said. “It is vital that those continuing to trade maximise their income. One aspect of generating income is ensuring they have their risk assessment programme in place. “Risk management has become more crucial; businesses need to carefully examine their staff training, security issues and potential new liabilities raised by legislation to control costs. lf care home owners do not act quickly to assess and control risks the resulting bed blocking in many hospitals could cripple the NHS.”

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