Insurance premiums
For the last five years insurance premiums have reduced substantially for the majority of care providers. In many ways one of the benefits of regulation is reducing the frequency of claims, especially the liability claims.
These premiums are probably now at their lowest with many insurers using their reserves to prop up their balance sheets. So if you can tie your insurer into a long term agreement on premium for three or five years, we'd recommend you do so.
CHIS are able to offer such agreements with two of our main insurers - Ansvar offering three or five term agreements and Hiscox offering their continuous policy which retains the same rating structure year on year, subject to claims and sums insured provisos.