Find Time to get the right INSURANCE COVER

摘要

WORKING IN THE ELECTRICAL INDUSTRY IS INTRINSICALLY DANGEROUS. THE POTENTIAL FOR SOMETHING TO GO WRONG IS ALL TOO APPARENT - WHETHER IT'S AN ACCIDENT TO THE EMPLOYEE THEMSELVES OR A PROBLEM WITH THE WORK THEY ARE CARRYING OUT - SO HAVING THE APPROPRIATE INSURANCE COVER IN PLACE IS VITAL TO PROTECT ANY PRACTISING BUSINESS. RECENT RESEARCH suggests many small businesses or sole traders are unaware of what their insurance covers and are taking on jobs well above the level that they are actually insured for. This not only puts the future of the business at risk, but could lead to criminal prosecutions and prison sentences if lives are put in danger. Mike Langton is the affinity consultant for NICEIC's parent company Ascertiva. He looks over the insurance arm provided by NICEIC and says over the past five years he has come across several cases involving claims in excess of ￡1m. "Fortunately, on each occasion the company involved has had the necessary cover in place, but if they didn't they would have almost certainly gone out of business," said Langton.