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If your business has employees it is a compulsory
requirement that you take out a employers liability insurance policy.
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This insurance is required to ensure you
have at least the minimum level of cover (5 million) in case any
employee or employees makes a claim for compensation as a result of
injury or illness caused from their work.
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Copies
of existing insurance certificates should be held for a 40-year period
as claims for work related diseases might be made many years after the
disease was caused.
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Public liability insurance is a
voluntary requirement to cover claims made by members of the public
and other businesses. This type of insurance should also be
considered.
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