Research recently commissioned by AXA insurance, in association with the British Chambers of Commerce, suggests that 85% of organisations currently hold employers’ liability insurance. Of the remaining 15%, 10% were sole traders leaving 5% of businesses that employ people holding no liability protection for their staff. The research reveals that only a third (34%) understand their legal requirement to cover employees through employers’ liability insurance.
AXA warned that many companies were leaving themselves exposed in the event of a claim pointing out that 13% of businesses have less than £1000 disposable cash and 48% have less than £10,000.
With the economy as it is at the moment, it would be a tragedy if more businesses went to the wall because they are not properly insured.
Sensible Safety Solutions Ltd cannot insure you, but we can help you to minimise the risk. Contact us now.