It’s crucial businesses consider employers, public and products liability risks to protect themselves against potential claims. Liability insurance policies cover both legal costs and payouts for which the insured party would be responsible if found legally liable.
Business owners may purchase liability to ensure that covers them if an employee is injured during business operations. Danger from working at height or depth, the risk of fire from using heat and the location of work and type of work undertaken are all key liability factors.
Products imported from China may be of lower quality and considered higher risk by insurers, while sales to North America are also higher risk due to the compensation culture there.
Serious injury to just one person can result in multi-million pound compensation claims, and incidents can involve several people, so care must be taken in selecting suitable indemnity limits.
Based on your wages and turnover, our preferred partners can offer professional and trusted advice to find a cover that is best for you. Get in touch to find out more on how we can help.
Get a call back
If you need to speak to us about a general query fill in the form below and we will call you back within the same working day.
News and Insights
Cryptocurrencies are building themselves a niche within the accounting world. A growing number of traders now seek the help of accountants for crypto tax calculations and record-keeping. But the quest…
As reported by the Financial Times, hospitality firms and organisations in the UK have again urged the Government to permanently lower value-added tax (VAT) and business rates. It comes in the wake …
Recommend to anyone in business for great down to earth advice at a sensible price.
Once the basic setup was sorted I was allocated Emma, who was available then to guide me should I have any queries! Thorough training on Quickbooks and always available (within office hours) to sort my mess up or any queries no matter how mad they seemed! Always willing to help and no task to small! Thoroughly recommend Emma to anyone looking to use TS Partners as their accountants!
5 months in and still running smoothly! With no grey hairs in sight! (YET!)
Thanks to Emma, Matt and the team at Tax Shop, Wellington