Working in the retail industry brings some obvious hazards. Any shop has a duty of care for the safety of its employees and customers, should a member of the public become injured as a result of your negligence you could face fines or prosecution by the Health and Safety Executive (HSE) as well as liability claims under your Shop Insurance policy.
The ongoing housing shortage and rising house prices has significantly increased the popularity of cellar and basement conversions. Some of these projects can be quite complex and carry dangerous risks, increasing the potential of Construction Insurance claims.
This exposure has been recognised by the Health and Safety Executive (HSE), who are making strides in terms of increasing health and safety awareness for basement projects, in fact, the HSE has been performing periodic inspection campaigns since 2011.
If you work in the building and construction industry, you will be aware that with effect from 6th April 2015, new regulations came into force to manage the health, safety and welfare of construction projects in the form of the new Construction (Design and Management) Regulations 2015 (CDM 2015 Regulations).
The reform is intended to improve on previous health and safety standards in order to reduce the risk of construction worker injury. However, rather than supplementing the CDM 2007 Regulations, the new version supersedes all the previous procedures and rules. With this in mind, it is important that business owners or site managers working in the construction industry are fully aware of the requirements and the risk of non-compliance.
According to the 2015 Information Security Breaches Survey, the Department for Business, Innovation & Skills reported that a staggering 90 per cent of large organisations had experienced some form of cyber breach during the last 12 months.
When reviewing the worst individual security breach for each company, the average cost per firm was between £1.46 million and £3.14 million.
Whilst the data for small businesses is much more difficult to maintain as correct data breach records are not always kept, or made available, the report still highlighted 74 per cent of firms which have experienced a security breach in 2014. For small firms the average cost of a breach was £75,000 and £311,000 for their worst breach. Without adequate Cyber Insurance, many small firms would not be in a financial position to recover from such losses.
It might sound obvious, but not all convenience stores are the same. The varying size from a traditional corner shop to large multi-site supermarket make the risk profile very different.
Other key factors include the location itself, be it town centre or rural, to the type of products or stock – for example, whether a store stocks cigarettes or alcohol.
Whilst these risk factors may impact the frequency or size of the health and safety exposure, the fundamental profile of risk remains the same and how you manage and reduce this risks can directly impact your Convenience Shop Insurance premiums.
Self-employed or agency nurses often deal with a wide range of activities and locations, often working remotely which can pose a threat to your personal health and safety.
These type of risks are often enhanced whilst you are lone working, due to the lack of immediate support of colleagues or security personnel which exist in a typical medical centre environment.
Plastic surgeons or other medical professionals carrying out theatre based procedures need to exercise extreme caution to reduce the risk of infection and contamination. Utilising scrubs best practice is critical in terms of minimising risk and reducing your exposure to Medical Professional Indemnity Insurance claims from patients suffering infection of other ill-health whilst in your care.