Why is it important to have the right business insurance?
Recently in the news, the owner of a textiles firm has been prosecuted after failing to demonstrate that his insurance was up to date.
Merthyr Magistrates’ Court heard that William Cuthbert, trading as BC Shirts, failed to provide evidence of Employer’s Liability Compulsory Insurance to the Health and Safety Executive over a period of six months.
William Cuthbert was charged with breaching the Employers’ Liability Act 1969 and was fined £1000 in total and ordered to pay costs of £9,143.36.
The Health and Safety Inspector Wayne Williams commented: “Failure to provide suitable insurance puts workers at risk of not being adequately compensated in the event of an injury or illness sustained whilst at their place of work.”
As you can see, it’s very important to have the right cover for your business. Although it might seem like a big upfront cost, you could end up paying thousands more in fines in the long run by not having sufficient cover. Is it worth risking your business’s financial future?
At Brady and Jones, we are able to find you the right cover for your business at a competitive price. We even offer an on-site risk assessment to evaluate all the risks at your location. To find out more call us on 01492 203848 or fill in our enquiry form. If you prefer, you are more than welcome to visit us at our branch: 24 Wynnstay Rd, Colwyn Bay, LL29 8NB.
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