‘Off the shelf’ insurance products will leave providers with uninsured risk

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

Following a three-year research and development period, Markel UK has identified the urgent industry need for customised products rather than the standard “off the shelf” alternative. The recent Government White Paper, _Our Health, Our Care, Our Say_ identified that demographic trends are changing and following consultation, the Government is committed to overhauling the current fragmented system for health and social care provision. It is reasonable to assume that this system overhaul will see many social welfare organisations extending the range of services they currently provide into other related areas, so as to offer a more comprehensive service. Markel’s research over the past three years has identified that the widening scope of services does make for a difficult ‘fit’ as far as conventional insurance placements are concerned and in response has developed a comprehensive solution. This new product is aimed at covering three key areas of risk; responsibility to third parties, responsibility as

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