|
Health and safety is one of those professional topics that appear to be getting increasingly stricter as time goes on. Practically every single scenario within the workplace is now considered a 'safety risk', and often, the slightest mishap can lead to a fully blown lawsuit concerning employee safety. Because of this, a certain amount of financial assurance is required to cover liable parties from potential losses. These 'liable parties' are of course referring to the employers, as it is those in charge of personnel that are responsible for their well-being and safety. Ensuring safety is never something that people relish, commonly it will be the result of somebody dressed in a suit marching round an office armed with a clipboard and a stern expression pointing at plug sockets and wires and deeming them 'deadly'. What results from these visits (along with a niggling annoyance) is no doubt the stark realisation that insurance is in fact highly necessary to all businesses. The insurance that covers any employee damage or misfortune is of course, employer's liability insurance, and is a highly purchased (and highly necessary) policy that is essential within the modern workplace. From as little as tripping on a wire or slipping on split liquids, to electric shocks and burns, error within the workplace, no matter how serious, can still result in hefty and losses to the employer which are unnecessary and avoidable. As an employer, being on the receiving end of a liability case can have potentially crippling consequences as it could mean that a large amount of money has to be paid out as a direct result. With such a great responsibility being put onto those who employ others, sufficient cover must be implemented to safe-guard finances. Employer's liability insurance is a very important cover policy that must be purchased and put in place by anyone who has people working for their company, however big the business is. The insurance itself is a lawful requirement for businesses that carry employees, all business contracts stipulate that the cover must be in place before operations can begin. Even with such serious implementations put in place, the insurance being literally stipulated by the law and its necessity hardly hidden, many still attempt to employ others and carry out work without the policy, and it is these people that can potentially lose businesses over claims. The importance of safety within the workplace, as mentioned earlier is imperative, and no doubt will get more intense within the future. For such a small price on such an important product, employer's liability insurance is practically a no brainer, no matter how safe you think a workplace may be. The insurance applies not only to major corporations that house hundreds of workers, but also to companies with only one extra employee, limited companies being a prime example of this. Employer's liability applies to contractors operating through personal service companies that take on extra staff, and this fact is something that cannot be overlooked, regardless of how tiny a business may seem.
Related Articles -
health and Safety, Safety, Advice,
|
