NET 85% OF YOUR INCOME: www.tarpon-uk.com 0845 643 1580 Contractor Insurance cover, complete cover offered by Tarpon Attitudes to insurance vary. Some believe it to be a 'necessary evil' whilst others believe insurance provides their business protection. An insurance policy is a legal contract promising to provide compensation for an event that may not happen. Adequate insurance provides peace of mind, and reassurance for the client and contractor The most common types of business insurance taken out by contractors are: • Employers Liability • Public Liability • Professional Indemnity Most employers are required by law to hold Employers Liability Insurance to insure against liability for injury or disease to their employees arising out of their employment. Employers Liability Insurance covers your business if an employee is injured or falls ill at work and will meet the cost of compensation for any injuries or illnesses sustained to your employees, whether caused on or off site. By law an employer must be insured for at least £5 million, however most insurers automatically provide cover of a minimum of £10 million. You must display a copy of the certificate of employers' liability insurance where employees can easily read it and keep copies for at least 40 years or risk a fine. These certificates may also need to be made available to health and safety inspectors on request. Public liability insurance covers claims made against your business, if its owners, directors or ...
No comments:
Post a Comment