Risk and Business Continuity Manager Insurance by Paul Eades; M.I.R.M; M.B.C.I. Risk and Business Continuity Manager

Why do we need insurance? The Employers’ Liability (Compulsory Insurance) Act 1969, requires businesses that employ staff to have Employers' Liability Insurance in force for a minimum of £5 million The Road Traffic Act 1988 covers items such as Insurance, Vehicle Tax and MOT, which must be in place before you can drive your vehicle on the road Engineering insurance cover may also include statutory inspections for items such as lifts, pressure plant, etc

Why else do we need insurance? To protect buildings, equipment, plant and stock etc in the event of a loss or damage; e.g. Fire, flood or theft In case of a liability claim from an employee or member of the public; e.g. Personal injury For vehicles used by the business; e.g. RTA TP cover To replace income during a period of business interruption; e.g. Inability to operate following a fire

What insurance might we need? Property – e.g. Buildings / Contents / Stock / Plant Employers Liability - £5M minimum Public / Products Liability Professional Indemnity Motor Engineering IT Business Interruption

Where do we get insurance? Direct from an insurance company Through an independent broker Via a professional association

Any questions?

Risk and Business Continuity Manager Insurance by Paul Eades; M.I.R.M; M.B.C.I. Risk and Business Continuity Manager Tel: 01437 776291 paul.eades@pembrokeshire.gov.uk