Insurance remains a significant operating cost for a care provision, with a contracted number of insurers. With the Covid19 pandemic behind us in a new era time will tell how the insurance market reacts to the ongoing, resilient, and much needed care sector, and whether more suppliers return or join as suppliers of insurance making the market more competitive in the longer term.
The last six months of 2022 saw an unprecedented level of political upheaval in the UK, with Prime Ministers and Ministers of State changing at an extraordinary rate. Added to that is a plethora of challenges, from strikes to increased utility costs and a hike in inflation rates. But what does this mean for care in the coming year? And what opportunities might there be?
Demand for care homes remained buoyant throughout 2022 with a pause to an extent in some deals crossing the line brought on by market reaction after the September mini budget as some lenders reviewed their appetite for terms.
Read what the Chandler & Co. care home Brokers have to say about the care sector.
Do you have a plan in place for emergencies? Planning for the unexpected can be a difficult task but when the unexpected happens, it can have devasting effects.
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