Frequently asked questions:
We are furloughing our staff. Do we need employers liability?
Employees are still legally employed when furloughed. They retain all of their rights as an employee, they accrue holiday and they can carry out training and development for their role from home. They can not carry out any activities for the business other than training and development. The company employing these furloughed workers still has a legal obligation to purchase employers liability insurance. A gap in this compulsory cover could be very risky for any business.
Our operation has ceased. Can we cancel our public/products liability insurance?
If employees are furloughed and the business has temporarily ceased, it is wise to keep the public and products liability cover in place. If there is a premises, warehouse or office, then there is a public liability exposure there. If you are contractors, there will be residual liabilities from work already carried out. If you have provided products, and plan to continue to do so again, the advice should be to keep the insurance in place.
How can we help you to manage your costs?
this period, we are suggesting that, when policies come due for
renewal, business seriously consider the impact lockdown will have on turnover and staff costs. This should,
potentially, keep renewal premiums manageable. We can also look at removing superfluous cover, cover that made sense when you were trading but is not needed at this current time. As and when you are back in full operation we can reinstate these areas of cover to ensure full protection. Subject to status, you will be offered the opportunity to spread the premium to help if cashflow is an issue.
We are diversifying to make money during the downturnAt Manor we can accommodate a vast array of businesses. We are used to catering for multiple business descriptions and, because we are not system driven, we can apply some thought and logic to the activities being undertaken to price the risk accordingly. If you are using your contractors vans to offer parcel delivery we can assist!