Having Employers Liability Insurance is a basic requirement of law. It provides an indemnity against your legal liability to pay compensation for bodily injury, death, disease or nervous shock sustained by employees of the company arising in the course of employment.
Costs and expenses in defending an action against you, payable as part of your limit for this Section
Compensation for court attendance at £250 per person, per day, or £500 for directors/partners
Injuries to working partners or proprietors
Indemnity to principal
Health & Safety at Work etc. Act 1974 defence costs
Data Protection Act 1998 compensation for distress to employees
Unsatisfied court judgements
Corporate Manslaughter defence costs £1m
Injuries arising from war or terrorism, but limited to £5m and further sub-limited to £1m in hostile territories, being a territory designated by the Foreign & Commonwealth Office as one:
a) to which personnel are ‘advised against all travel to’
b) that personnel should leave having designated the territory ‘advised against all travel to’.
In today’s electronic world, Cyber-crime is a significant risk for any business. Whether your commercial business is big or small, the risks simply cannot be ignored.
Depending on the nature of your business will depend on the extent of the risk, but essentially all business owners need to take appropriate measures to protect their customer data, their electronic systems, including website, marketing platforms and email and their reputation.
Whilst there are security measures that can be utilised within your business to protect your hardware and software from incidents such as viruses, hacking and identity fraud, if you do experience a Cyber-attack, your business could also suffer financially.
E-risks insurance protects your business against losses arising from Cyber related crime and ensures you are able to cover costs such as compensation for customers if their data is breached.