The future of work is more than hybrid
Assess the risks in your business
We can help you identify and protect against risk in your business.
- Recognising any potential hazards
- Identifying those at risk
- Consider how to deal with individual risks and take action
- Keep a record of your findings and put precautions in place
- Regularly review, update and improve
Have you thought about the dangers of cybercrime?
We can help safeguard your business against digital attack.
What type of liability insurance do you need?
There are three main types of liability insurance
Public Liability Insurance isn’t a legal requirement, although some local authorities might require you to have it. Its purpose is to cover any damages awarded to a member of the public due to an injury or damage to their property caused by you or your business.
If you employ one or more members of staff, you are legally obliged to take out Employer’s Liability Insurance for a minimum of £5m. This will cover you if an employee or ex-employee make a claim for illness or injury caused by your business, including compensation costs and legal fees.
If someone, or their property, has been damaged or injured by a product sold by your business, they have grounds to make a claim against you. Even if the product wasn’t manufactured by your business but includes the name of your business or if you have repaired/refurbished it, you may still be liable.
Potential liability risks
We've identified common legal issues businesses are faced with
Getting involved in a legal dispute can be time-consuming, costly and detrimental to the reputation of your company.
When an employee or a member of the public suffers an accident in your workplace.
If a previous employee believes that they were fired on illegal grounds.
The incorrect disposal of waste, causing excessive air pollution or violating current regulations.
Copyright and patent
When your company name, branding or marketing infringes on another company’s copyrighted material.
If data is leaked through employee error or a cyber attack, this could leave your company liable.
Directors and Officers - What is defined as a ‘wrongful act’?
A ‘Wrongful Act’ is an action or decision made by a director or an officer which are made in error including:
- Breach of duty/trust
- Misleading statements
- Wrongful trading
- Immoral acts
- Improper termination
We have been using The Insurance Centre for a good number of years and they have always offered very competitive prices and they also answer any questions and queries efficiently.
Being able to call or visit the office has meant I’ve not had to spend time trying to contact insurance companies, which has enabled me to concentrate on other areas of our business.
I highly recommend this company and wouldn’t consider using anywhere else for our insurance needs. They are centred around customer care and the dedicated team are friendly, approachable and highly professional.
TIC are a company that care and they always go the extra mile.
The Insurance Centre has provided insurance services to our company for a number of years. Their approach to customer service is incomparable, with expert advice and the most competitively priced policies to suit our business needs.
The support continues all through the insurance process from obtaining the initial quotations, changes to the cover during the term of the policy and providing assistance during accidents and claims. The Insurance Centre responds promptly and professionally to any communication.
We would highly recommend the company to anyone who is looking for a helpful, friendly, proactive and efficient approach to insurance services.
| Bay Scaffolding Ltd
I found The Insurance Centre a great company to deal with when sourcing my combined brewery and tap room insurance policy.
Suzanne’s advice was second-to-none, her attention to detail and tenacious approach meant that I was covered when my business was ready to open at a premium that was the most competitive amongst the quotes I had obtained. I will definitely be working with The Insurance Centre again in the future.
Carnival Brewing Company|
Ourselves and a number of our extended family members have used The Insurance Centre for the past 30 plus years for both our business and personal insurances. Nothing is too much trouble and all our queries are dealt with swiftly. We could not recommend them highly enough.
High Net Worth and Property portfolio client|
Frequently Asked Questions
If you don’t have sufficient insurance in place and it’s a legal requirement to do so, you will subsequently be breaking the law and could expect some repercussions. For example, if you have employees and do not have Employer’s Liability Insurance you could be fined up to £2,500 for each day you are not insured.
One of the most difficult situations that you could be faced with is the death of an employee during the course of their employment. If, following Police investigations, you are charged with corporate manslaughter, your directors and officers insurance will assist with legal defence costs. This is why we would highly recommend that business owners consider adding a directors and officers policy to their portfolio of insurances if they do not already have one.
Products Liability is another insurance we would highly recommend you hold if you are selling or supplying a product. While the manufacturer may be ultimately liable for an injury or damage caused by a faulty product you may be involved in litigation if you have supplied it.
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