Social & Care
Asset Governance in Social & Care
Social care organisations — including residential care homes, domiciliary care providers, supported living services, and mental health charities — manage a wide range of assets across multiple sites, often with significant regulatory oversight. Asset governance supports CQC compliance, safeguarding of service users, accurate insurance of specialist equipment, and responsible stewardship of public or charitable funding. Many providers underestimate the total value of assets in their care.
Example Assets
| Asset | Approx. Value | Ownership | Location | Insurance Consideration |
|---|---|---|---|---|
| Specialist Mobility & Therapeutic Equipment (Hoists, Wheelchairs, Specialist Beds) | £500–£20,000 per item | Care Manager / Occupational Therapist | Service user homes, care homes, day centres | Equipment cover – prescribed and funded equipment must be separately tracked |
| Vehicles & Adapted Transport | £15,000–£60,000 | Operations Manager / Transport Coordinator | In service, depots, service user addresses | Fleet policy – passenger-carrying and adapted vehicles require specialist cover |
| ICT & Communication Systems | £300–£5,000 per item | IT Lead / Registered Manager | Offices, care homes, remote staff | IT cover – donated and second-hand equipment often unregistered |
| Medical & Clinical Equipment (Medication Systems, Monitoring Devices) | £500–£15,000 | Registered Manager / Clinical Lead | Care settings and service user homes | Medical equipment cover – service and calibration records essential for CQC |
| Kitchen, Laundry & Domestic Equipment | £500–£10,000 per item | Home Manager / Facilities | Care homes and supported living properties | Contents cover – high wear items often replaced without record |
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