When we need to know
When it comes to arranging your business insurance you will no doubt have spent some time with your adviser assessing your risk and working out exactly what is the right blend of covers for you. Once your insurance is in place it is important to ensure that you are familiar with your policies and the conditions they stipulate to ensure you are covered for all your business activities.
Another important thing to consider is the need to notify your broker or insurer as soon as you can in the event of a possible claim; this can aid the effective management of the claim, and help to control the cost.
Employers Liability Considerations
Prompt notification is particularly important in the case of events which could give rise to an Employers Liability (EL) claim. As the policy is a liability one, such liability will need to be established as soon as is practically possible.
Insurers will need to consider the circumstances, the nature of the work being carried out, the date of the incident and many other factors, all of which could affect whether the insurer will deal with the claim.
For example you may be an upholsterer and one of your employees is re-covering seats in a light aircraft on an airfield, when he slips whilst getting in to the aircraft and breaks his leg. An immediate question would be whether insurers were aware that the insured does work “airside” and whether cover is operative for such activity.
That said, as EL cover is subject to the Employers Liability Act of 1969, an insurer may have to deal with a claim and then seek recovery elsewhere under subrogation rights.
For more information about how we can help you when claims occur, please call us today.