Call us now on: 01494 450 450

Failure to understand legal obligations leaves SMEs at risk of breaching the law

Employers’ liability insurance is a legal necessity for the vast majority of businesses with staff - Tuesday, May 12, 2015

Get a Quick quote

Want to find our more?
Would you like us to call you?
Fill in the form below and we'll get back to you.

Failure to understand legal obligations leaves SMEs at risk of breaching the law

Employers’ liability insurance is a legal necessity for the vast majority of businesses with staff, however 10% of SMEs thought it wasn’t a legal requirement in any scenario.  Furthermore, 25% also wrongly believe that employers’ liability insurance is only legally required once a business has more than one employee.
And it isn’t only employers’ liability insurance that some businesses are unsure of. When we asked about all types of business insurance less than 30% of SMEs said they are very confident that they have the right cover, and 10% admitted to having no business insurance at all. That is potentially leaving more than 600,000 SMEs financially vulnerable should a claim arise.
Source

Get a Quick quote

Want to find our more?
Would you like us to call you?
Fill in the form below and we'll get back to you.

What people say about us...

J Bennett & Son has informed and supported us through 20 years of business growth. Alternative insurance offers have never been able to match them for reliability and an excellent personal service.
Cathy Ridley
MovePlan Ltd
London
read more testimonials...
The importance of a comprehensive cyber insurance policy
The importance of a comprehensive cyber insurance policy

The often modular nature of cyber insurance policies means that they consist of a variety of different coverage areas.

read more
Why it’s important to disclose risks facing your business
Why it’s important to disclose risks facing your business

When arranging business insurance, it’s your duty to provide complete and accurate information relating to the risks you face.

read more
In Memoriam
In Memoriam

It is with much sadness that we must announce the death of John Bennett (the “& Son”) who passed away in his sleep on Thursday night at the age of 96.

read more
Glossary

Not sure about some technical jargon or insurance gobbledygook?

click here!

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how customers use our website. Our site won't work without them. By continuing to use our website you accept our use of cookies. Find out more about cookies.

×