Originally written by Partner Content on Small Business
Company medical insurance was cited by a recent Drewberry survey of 1,000 SME workers as the top paid-for employee benefit. Nearly one third of SME employees (31.3pc) said they wanted private medical cover.
However, only 12.6pc of SME workers are actually offered private medical insurance.
Given that retaining key staff is the number one issue facing small business owners, is it time your SME offered private medical insurance?
How will business medical cover help my small business?
Small businesses may need to improve benefits if they’re looking to hire new staff. The bigger the company, the more likely they are to offer employee benefits in the arms race to attract top talent.
According to the Investors in People employee sentiment poll in 2017, 15pc of employees looking for employment elsewhere do so because of the lack of benefits offered by their current employer.
Forty-four per cent of employees consider employee benefits to be one of the most important qualities that they look for in a new employer.
Another question you need to ask is can you afford not to offer private medical insurance?
In 2016, an estimated 137 million UK working days were lost due to sickness.
One in 10 people waiting
Tag Archive for small business insurance
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What types of insurance does a photography business need?
by Anna Jordan • • 0 Comments
Originally written by Anna Jordan on Small Business
Being a photographer is creatively rewarding but a fair few things can go wrong.
We explore what you need in terms of photography insurance as a small business owner – whether you’re in the studio or on-location for a shoot.
What insurance is required by law for photographers?
Some parts of an insurance policy are a must for all businesses and others are particularly handy for photographers.
“Personal liability insurance is important as you’re working with the public,” says Jemma Holloway at Direct Line for Business. “It also keeps you covered in case damage is done when you’re on-location for a shoot.” Say you’re filming an event and someone trips over your camera cable. Personal liability insurance will cover any costs you may incur including legal fees.
‘Indemnity insurance is essential in clearing your name and protecting your reputation’
Employers’ liability insurance is a legal requirement if you have any staff including volunteers and students. This could also mean lighting or sound crews who may experience injury or damage to their products while on the job. The insurance can cover medical bills or treatments as well as legal costs.
The only exception here is if they’re independent contractors – they’ll
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Personal trainer business insurance: requirements, extras and restrictions
by Anna Jordan • • 0 Comments
Originally written by Anna Jordan on Small Business
There are certain types of insurance which are essential in your personal training company as well as some extras that you may not have even thought about.
If you feel bamboozled by personal trainer insurance, Neil Robertson at Insure4Sport has some helpful advice to get you started.
Why you need personal trainer insurance
Specialist personal trainer insurance protects you against potentially costly claims from clients if something goes wrong during a session. It also covers you if your equipment is lost, damaged or stolen, if you injure yourself when training or if an employee gets injured while working for you.
It’s so important that proof of specialist insurance is required by most gyms and sports centres before they allow you to work at their facility.
What types of insurance are required by law?
If you train with clients, having public liability insurance is essential. This protects your legal liability if a claim is made against you for injury to another person or property damage. For example, you may need to claim if a client injures themselves during a session and holds you responsible or if you accidentally damage a facility you’re training at.
Professional indemnity insurance is also essential if
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What kind of insurance does your small business require?
by Partner Content • • 0 Comments
If you’re new to the world of business insurance, then it can all seem a bit complicated. From professional indemnity, to public liability, directors and officers, to cyber, there is a lot of new lingo to get your head around. But you’ll be pleased to hear that it isn’t as impenetrable as it might initially
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Here’s the key insurance cover that your small business needs
by Michael Somerville • • 0 Comments
The post Here’s the key insurance cover that your small business needs appeared first on Small Business.
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How one jeweller dealt with being rejected by insurance firms
by Ben Lobel • • 0 Comments
Nikolay Piriankov is founder of Taylor & Hart. Here, he discusses insurance for a jewellery business and the measures he put in place to protect his company. 1. When did you start the business, and what were you doing before? I was a student at the university of Manchester in 2010 when my friend from school
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Small business insurance: An essential guide
by Ben Lobel • • 0 Comments
Having small business insurance protection you can trust is crucial to your business’s future and your own peace of mind, but so many company owners place the issue of insurance too low on their list of priorities. Businesses need clear advice and guidance on the types of insurance that are relevant to their needs. But
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What you need to negotiate chauffeur insurance
by Abby Hardoon • • 0 Comments
The post What you need to negotiate chauffeur insurance appeared first on Small Business.
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Public liability insurance: do you need it for your business?
by Anna Jordan • • 0 Comments
What do terms like public liability actually mean? With all the jargon involved in insurance, it can be hard to make sure you’ve got the cover you need. In this guide to public liability insurance, Insure Our Event have covered everything they feel you need to know, and put it in the most straightforward way
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Getting insurance for a small jewellery business
by Ben Lobel • • 0 Comments
Nikolay Piriankov is founder of Taylor & Hart. Here, he discusses insurance for a jewellery business and the measures he put in place to protect his company. 1. When did you start the business, and what were you doing before? I was a student at the university of Manchester in 2010 when my friend from school
The post Getting insurance for a small jewellery business appeared first on Small Business.