Daily Insurance Industry News
 
 
Daily Insurance Industry News
Friday 29th of August 2008
March 10, 2008

Care home owners unaware of new law’s implications

by Richard Kilner

Story link: Care home owners unaware of new law’s implications

Gold Direct has conducted research into the awareness of forthcoming changes to the law on corporate manslaughter which reveals that a substantial number of managers and owners of care homes are insufficiently aware of its implications.

Worryingly, a majority of care home owners have little if any idea of the correct amount they should be paying for insurance protection against claims made udner the new law.

Four out of five owners/managers, according to the survey, did not know when the Corporate Manslaughter Act comes into effect, with two out of five totally unfamiliar with any of the Act’s content.

Under the new law, unlimited fines can be imposed, a crucial fact which less than 10% of those surveyed knew.

Rosemary Bellin, of Gold Direct, explained that the firm’s research clearly shows a distinct and profound lack of understanding of the forthcoming legislation.

One hundred owners and managers of care homes were surveyed in the research.

The Corporate Manslaughter Act comes into effect on 6 April of this year.

It will cover not just care homes, but also the NHS and GPs.

 

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