Employers’ Liability (EL) insurance protects your business from claims of negligence made by employees who have suffered an injury or ill health due to their work. To work out what your EL limits may be, here are 6 important things to consider.
Articles in Category: Business
When working on the go or travelling for work, it has become more important than ever before to take extra precautions to stay cyber safe. With more and more people relying on technology each day, cyber crime is becoming increasingly important as it can be detrimental to businesses and their reputations.
Many traditional high street stores are embracing the online world, not only to see goods online, but also to enhance customer relationships, attract new customers and increase overall sales revenue. However, if you are considering growing, or starting to trade your business online, it is important to understand what is required to maximise information security and minimise credit and debit card payment risks.
When you’re running a small business it can be difficult to keep on top of all the different legislative changes. However, failure to understand and take action on key employment law amendments could land you with significant fines or Business Insurance claims under your Employment Practices Liability Insurance.
Warehouses and distribution centres are a vital cog in UK business, be it the supply chain or consumer delivery. Without sufficient support of warehousing and distribution services, many businesses’ would not be able to trade effectively leading to significant financial losses or even closure.
In the modern world of business, travel plans are typically hectic, with tight schedules and back-to-back meetings and often arranged at short notice.
With the above in mind, it is easy to lose sight of the increased risk faced by business travellers, which can impact the safety of you or your employees. Businesses have a duty of care for the safety of their employees during the course of their employment, with this in mind it is important to identify potential hazards, as well as purchasing the right level of Business Travel Insurance.
Business travel can raise many additional risks for both business owners and employees. It is more obvious to firms when employees travel abroad that travel insurance cover is required, however in reality, trips within the UK can also pose equally significant risks.
Indoor air quality (IAQ) has a direct impact on the health, comfort, productivity and well-being of your employees. When a business improves indoor air quality, they can increase overall productivity and decrease the number of days that employees miss work. Alongside this, health issues incurred by staff from poor air quality can result in compensation claims under the Employers Liability section of your Business Insurance policy.
The modern theme of airtight building design, while reducing cost, will also reduce the amount of outside air being introduced into your building. In addition, the use of chemical products, supplies, equipment and pesticides can also increase employee exposure to poor air environments. This exposure may lead to poor health conditions such as sick building syndrome (SBS) and building related illness (BRI).
If you’re starting a new business, no doubt you’ll be juggling start-up costs, essential resources and trying to raise your brand awareness. However, that is all pointless if you lose everything to a disaster that you could have easily insured against.
In February 2016, increased fines were introduced for breaches around corporate manslaughter, food safety and hygiene offences, and health and safety offences. Within the first twelve months the number of health and safety prosecutions against directors and officers tripled, yet many UK businesses still believe they do not need Directors and Officers (D&O) insurance and see it is an unnecessary and additional cost.
From 1st June 2015, the Control of Major Accident Hazards (COMAH) Regulations 2015 will come into effect, replacing the previous COMAH 1999. COMAH governs businesses’ use of dangerous substances such as liquefied petroleum gas, explosives and chlorine.
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.
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.
If your business is manufacturing or carrying out processes which involve cutting and welding, then you will be only too aware of the risks are dangers to you and your employees.
As an employer you have a duty of care to your staff to provide a safe working environment with adequate training and risk management. Should one of your team suffer a workplace injury, you could be held responsible and be subject to an employers’ liability claim under your business insurance policy.
If your business is involved in providing products to clients, be it physical products, or even digital downloads, you need to be aware of the forthcoming Consumer Rights Act 2015 and how it could impact your business processes.