Many businesses may be at risk as a result of liability claims made against them by members of the public or their employees. Whether you are a key decision maker in your business, or a self-employed person, obtaining the best insurance advice and sourcing the most appropriate cover will be one of the most important things you need to do.
An incident can be triggered in so many ways and different trades and professions will be exposed to a wide variety of hazards that could lead to a claim. Consider if you were a Tradesman working on a property and one of the tools you were using fell on to a passer-by causing them serious head injuries. If you were successfully sued for negligence, legal defence and claim costs could be substantial.
Incidents can all too easily occur at your business premises, hence the importance of having a safe working environment and a positive approach to Health and Safety legislation. Even in the well protected environments, unforeseen accidents do happen, such as trips and falls. Absent minded employees can inadvertently cause accidents, such as leaving a sharp object in a dangerous position causing injury to a fellow employee.
There are so many eventualities that could give rise to an incident and some of the claim costs can run into hundreds of thousands, if not millions of pounds.
We are able to provide flexible insurance cover for an extensive variety of trades and professions. The range of business types is vast, from self-employed tradesmen to contractors, restaurants, hotels, shops, office-based risks, manufacturing businesses and so many more.
Our approach involves a full assessment of your business and advising on potential insurance risks it might face. We can source quotations for the following types of cover, aswell as other more specific policies where arrangements dictate:
Employers Liability insurance – gives protection if an employee is injured or becomes ill as a result of the work they do, then tries to claim against you for compensation. Cover is available for a £10 million indemnity limit, although this can be extended.
Public Liability insurance – gives protection against claims made by members of the public who have sustained injuries or damage to their property in connection with your business activities. Cover is available from £1 million indemnity limit, although higher indemnity limits are commonly recommended.
Products Liability insurance – gives protection against claims made by anyone who is injured or sustains loss or damage to property caused by a faulty product that your business designs, manufactures or supplies. Most businesses take out Products Liability when purchasing Public Liability insurance and cover is available from £1 million indemnity limit, although higher indemnity limits are commonly recommended.
Other Covers – the type of Liability insurance cover required will vary between different trades and professions. These might include Professional Indemnity, Directors’ and Officers’ Liability, Cyber Liability, Environmental Liability, Legal Expenses, Trustees Indemnity, Product Guarantee and Product Recall.