SMEs Business Insurance arrangements not compliant with legislation
According to a recent publication by the Federation of Small Businesses, non compliance with legislation regarding Employers Liability Insurance is at its highest within small businesses, according to a survey conducted that sought to be representative of all employers covered by the Employers Liability (Compulsory Insurance Act) 1969.
6.5% of companies with 2-4 employees confirmed that they had no Employers Liability, while every employer with 50 employers reported that they did. An additional 1.1% didn’t know whether they had cover or not and 4.3% of the overall businesses contact confirmed they had none.
If you are unsure whether you have Employers Liability insurance within your business insurance arrangements, or would like to discuss any aspect of this cover, feel free to give me a call on 01708 289 525 for some free no obligation advice.
Acknowledgement: Federation of Small Businesses for Essex