Skip to main content

The constant risk of liability

The constant risk of liability

No matter what kind of business you run, there is always the potential for liability. It comes in many forms, but there is no business that is truly exempt. As such, it is something you need to watch out for.

With this in mind, here's a quick rundown on liability. Whether its understanding who can claim liability, and why, or protecting yourself with the correct liability insurance for small business, the more you know will make you more prepared in the long run. Your business, as a result, will be better off for it, both legally and financially.

Who can claim liability?

First and foremost, most people can claim liability. As the owner of your business, you are responsible, as the business, for what happens. As such, members of the public can claim liability for anything that happens that they deem your fault. This isn't just limited to anything that happens within your premises, either. If something happens when your staff visit the customer's home, liability can be claimed. In short, when acting on behalf of your company, you, your staff and anything else related can come under liability if it’s your fault.

Likewise, your own employees can claim for liability. Personal injuries are perhaps the most common example of this. Again, this is because you own the business; similar to customers and other members of the public, you have a set of legal duties and requirements you must meet for your employees. Fail to meet these, and liability could be claimed.

Even if you aren't guilty, that won't stop people claiming for liability. Legal disputes such as this can often be expensive, or damage your reputation, so it always helps to avoid them where possible.

Investing in insurance

Of course, if a claim does happen, you also want to protect yourself from a financial perspective. As stated earlier, both members of the public and your own employees can claim liability. This gives you two different forms of insurance; public liability insurance and employee liability insurance.

In most cases, insurance for employee liability is a legal requirement, but that doesn't mean public liability insurance isn't a wise investment. A small price to pay up front is arguably worth not having to risk the expensive costs and fees should a liability claim occur and get out of hand. Click here for Axa liability insurance for small business. 


Popular posts from this blog

Win a XXL'MAN SIZE' Faux Leather Bean Bag for Fathers Day

I have a fab competition for you to win a  Man Sized Bean Bag just in time for Fathers Day from Bean Bag Bazaar , which is worth £69.99. We are big fans of bean bags as they make perfect additional seating and can be popped in the garage when not in use and we are looking forward to reviewing one in Maxi's new bedroom . a Rafflecopter giveaway

Win A Cineworld Family Ticket

It is half term for us next week and we will be off to our local Cineworld to See Turbo thanks to a complimentary family ticket.  We were blown away at how much effort Cineworld had put into making cinema going better value for families the last time we went.   In addition to Turbo and Cloudy with a chance of meatballs 2 ,  Cineworld are also  running their popular Movies For Juniors screenings throughout half term. They are showing ‘The Smurfs 2’ every morning and tickets for kids and their folks will be just £1.50 (or £1 if people book online with mycineworld). To win a family ticket (4 x tickets) to any film at your local Cineworld just complete the rafflecopter below – Good Luck x a Rafflecopter giveaway

Bissell Vac and Steam Machine Review and Giveaway

I have hard floors downstairs which I love.  They are much more practical than carpet with 2 mucky boys and a dog. Over the past 8 years I have tried all sorts of ways to keep them clean and I think I have finally found the product that does that for me. It is the  Bissell Vac and Steam Machine .  This amazing suel action machine vacuums and steam cleans either independently or at the same time.  It means that I have done away with my vacuum and steam cleaner downstairs (which I gave to my brother in law). What I like: You can either vacuum or steam clean or do both It is lightweight and easy to manoeuvre The handle is adjustable great for a home with people of different heights and for getting the kids involved. You need no chemicals The pads are washable and reusable It comes with a two year guarantee It warms up fast (within 30 seconds) so no long wait to start cleaning It costs under £100 It is space saving.  No need for a separate vacuum, steam cleaner or mop.