There’s never been a better time for UK firms to spread their wings and trade globally. Whether you are looking for new clients, or your existing clients are opening in new locations, non-UK business is making up an ever increasing amount of an SME firms revenues.
If you own a shop or other retail business that sells products with an age restriction, such as alcohol, tobacco and lottery tickets, it is likely that these items form a significant part of your turnover.
However, it is critical that you and your employees always take proper precautions and guidelines, both in terms of the sale process, but also in safely securing these items as they can be a target for criminals, leading to losses under your Shop Insurance policy.
Crowd-related injuries during special retail sales promotions or product launches has increased in recent years as events such as Black Friday or specific product offers generate a huge increase in footfall.
The risk here is twofold, as an Employer you have a duly of care to protect your employees and develop a safe working environment. Should an employee become injured through crushing or violence in the store, you could face an Employers Liability claim under your Shop Insurance policy.
Your Accountant will call it Inventory shrinkage – a combination of employee dishonesty, shoplifting, fraud and administrative errors – all of these factors are costing UK businesses millions of pounds in annual revenue.
Of all of these circumstances, theft my employees is probably the most frustrating and difficult crime for a retailer to protect themselves against. Whilst a Retailers or Shop Insurance policy can often be extended to include fidelity cover, the simplest solution is to take preventative measures up front.
When you are managing a business’s Health and Safety, it’s not just the immediate visible risks which need to be considered, but also the unseen or cumulative risks, which can often result in much wider issues impacting a volume of your workforce.
A Nottinghamshire Areopace Engineering Company appeared in Nottingham Crown Court on 21st July to answer charges raised by the Health and Safety Executive (HSE) in relation to breaches of the Health and Safety at Work Act 1974.
The HSE prosecuted SPS Aerostructures Ltd after the workers developed either Hand Arm Vibration syndrome (HAVS) or carpal tunnel syndrome from being exposed to high levels of vibration for several years at the company’s premises in Annesley.
If you’re one of the growing number of over 2.1 million people running a business from home, then congratulations on taking the plunge. There are many reasons why working from home makes sense from lifestyle choice, cost saving, to avoiding the daily grudge of a commute. However, it’s just as important, if not more so, that you give due consideration to legal liabilities and insurable perils such as fire, theft or flood which could wipe out your business in one foul swoop.