A business of your own is an exciting prospect, you are in the boss finally and all the profits are funnelled into your bank account. The other side of this coin however is the fact that you are also totally liable, particularly to your employees. In fact, every business in the UK that has employees is legally required to carry employer liability insurance.

Injury:
You may think there is no way an employee could be injured or become ill in your organisation but the truth of the matter is even a small office can pose risks. Tripping or falling over a chair in the office, repetitive motion injuries and more can happen in any business.

Should any of the above happen, or some other injury, your company will be required to compensate said employee. This could be by covering medical expenses, lost wages and even punitive damages. All of which can add up to difficulty for your company if you do not have proper business insurance.

Illness:
It is hard to fathom that a person could become physically ill from their place of business but it is a possibility. The most common cause of these types of claims have to do with those who have worked in buildings containing asbestos. Asbestos is a naturally occurring substance that has been widely used in construction around the world; it is a cialis cheap common pipe, ceiling and roof insulation substance.

This substance has been linked to severe medical problems such as various forms of cancer. Buildings that contain this substance are very dangerous places to work and businesses can be liable for medical costs and more. This of course is the most extreme illness in which a company could be liable for damages, stress, dermatitis, animal related illnesses Brand Viagra and more can be attributed to certain work environments.

Insurance:
As you can see covering your employees for work related injuries and illnesses is very important to the survival of your business. Insurance is the one way you protect your assets from a liability lawsuit. Not only will your insurance company pay claims that could potentially cheap generic cialis cripple your business, they will also work hard to fight frivolous claims. When you are on your own with a liability claim it is often cheaper to settle the issue than pay expensive legal fees but when you are properly covered this is not an issue.

Conclusion:
It is a wonderful feeling to provide people with a place to work, business owners provide their communities with opportunities. That being said a business could suffer irreversible damage by an employee claim for injury or illness. Regardless of the type of business, you own you need comprehensive commercial insurance to protect your future.

There are many types of insurance out there designed to protect your business.

Employee liability, public liability, structural and equipment cover and even cover against stock losses are all very common business insurance types. The amount and type of cover you need is dependent upon the type of business you run, its location and the number of employees you have; a good commercial insurance company can advise you on the best cover options for your particular situation.

Author Bio: If you’re looking for a quote on commercial insurance visit Swinton.

Category: Finance/Insurance
Keywords: commercial insurance