Posts Categorized: Business News

How Employee Status Affects Employers Liability Insurance

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As an owner or manager, you have a clear obligation and responsibility to provide your employees with a safe working environment. If you fail to do so, it could result in a current or even former employee filing a claim against you. A successful claim can be costly—not just financially—but also to your organisation’s reputation. […]

Spring Budget 2017 Summary: Good or Bad News for Business?

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On 8th March, Philip Hammond, Chancellor of the Exchequer, delivered the Spring Budget to Parliament. Does Hammond’s new budget spell good or bad news for your business? Keep reading to find out. Key Numbers The Office for Budget Responsibility’s (OBR) forecast for business investment showed improvements since the Autumn Statement, concluding that business investment declined […]

Number of HSE Prosecutions Against Directors Triples in 2016

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One year after new sentencing guidelines for health and safety offences, corporate manslaughter, and food safety and hygiene offences came into force in February 2016, the number of health and safety prosecutions against directors has tripled and UK businesses have seen a dramatic rise in the value of health and safety fines. In fact, in […]

What Article 50 Means For Businesses

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On 29th March, Prime Minister Theresa May triggered Article 50, which formally began the United Kingdom’s withdrawal process from the EU. For the next two years, the government will negotiate with the remaining 27 EU member states on the exact terms and conditions of its exit. Whilst May intends to achieve a comprehensive free trade […]

New legislative changes affecting UK businesses

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Beginning on 6th April, UK businesses will have several new pieces of legislation that they will have to comply with unless they wish to incur fines and penalties. To ensure that your business is aptly prepared, here are the five most significant pieces of legislation coming into force: Gender pay gap: Qualifying companies (250 or […]

Half of Workers Don’t Know Basic Health & Safety Rules

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According to the HSE, last year 144 employees were killed at work and 1.3 million people suffered from a work-related illness. Yet, a staggering 58 Yet, a staggering 58 percent of employees are unfamiliar with their organisation’s health and safety (H&S) practices, according to a study conducted by international safety barrier manufacturer, A-SAFE. What’s more, […]

Health and Safety Prosecutions Against Directors Have Tripled In One Year

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Since the new guidelines from the Sentencing Council came into force in February 2016, the number of health and safety prosecutions against directors has tripled and UK businesses have seen a dramatic rise in the value of health and safety fines. In fact, in 2016, the largest 20 health and safety fines totalled £38.6 million. […]

Update: Gender Pay Gap Reporting

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On 28th January, the final draft of the gender pay gap regulations was published. Under the new regulations, if your company employs at least 250 staff members, you will be required to disclose the pay gap between your male and female employees. These amounts must be made publicly available on your company’s website for at […]

UK Companies’ Top 3 Risks in 2017

Posted by & filed under Business News, Risk Management.

Each new year brings with it a collection of challenges for businesses to overcome, and 2017 is no different. That is why your company needs to be adequately prepared for this year’s forecast, which includes digital threats and shifting economic conditions. According to a recent industry survey, the following three risks are the most significant […]

Choose Bespoke Cover, Not Cheap Boilerplate Cover

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In general, the more comprehensive and thorough a policy is, the more protected your business will be. Despite the security that an extensive policy can provide, only 38 per cent of SMEs ranked a policy’s scope as being the top influencer when choosing a new policy, according to recent industry research. Instead, a majority of […]