Businesses urged to check their employers liability cover

Businesses have recently been warned to check their insurance arrangements for employers liability cover in the wake of a string of prosecutions carried out by the Health and Safety Executive.

The HSE has been on the warpath this year, according to industry experts.  The governmental authority has already prosecuted a metal forming company in Walsall for their role in the loss of two fingers off a teenage worker’s hand.  Additionally the owner of a Bradford takeaway was also fined for neglecting to have proper business liability insurance to provide for the work-related illnesses and injuries of his staff.

Many types of business insurance are not mandatory in the UK, merely advisable.  However there are many that are indeed compulsory such as professional indemnity insurance for solicitors and other related business sectors.

One insurance broker’s managing director stated that many new to the joys of owning a business may not realise how important it is to have proper insurance cover.  Coversure Insurance Services’, Andy Price, stated that such cover is non-negotiable even if a business owner utilises subcontractors and agency staff in lieu of direct employment, as failing to do so could place a business owner at risk of HSE prosecution.

Coming to the rescue of  harried business owners are many insurers who will bundle a number of important covers into one easily purchasable package. Such packages often result in saving business owners time by not having to hunt for several different policies.  Additionally, such bundled packages will be less expensive than securing cover on a piecemeal basis.

Insurance can be purchased from many different sources.  One such source is an insurance broker, who can assess the needs of a business owner, advise them on which types they should consider buying, and provide a list of insurers to choose from with an eye towards competitive pricing.

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