Avoiding slip ups - Businesses could face crippling rises in employer liability insurance premiums due to new regulations, warns business cash flow solutions provider Bibby Financial Services

摘要

Changes to the Health and Social Care Act, which are due to come in to effect later this year, will give the NHS the power to recoup treatment costs from firms that have been proved negligent in the case of employee accidents in the workplace. Andrew Dixon of Bibby Financial Services, says: "As the UK moves towards a 'compensation culture' the necessity for businesses to have adequate liability cover in place is more important than ever. However, for many businesses the rise in insurance premiums is simply a cost they cannot absorb. Almost half (46%) of UK business owners and managers claim they cannot afford an increase in liability premiums, with over two thirds (67%) concerned that further hikes will force them to close their doors.