Cover that may be mandatory.
WHAT IS COMMONLY COMPULSORY
Motor third-party insurance, for vehicles Employers' liability, through the compensation scheme Group life cover, for employers above a threshold Occupiers' liability, for public buildings Professional indemnity, for certain professions Builders' liability, for construction
WHY THAT MATTERS
Several are legal requirements, not optional protections.
WHAT GROUP LIFE COVER REQUIRES
A policy providing a defined multiple of annual remuneration, where the pension scheme applies.
WHAT TO ESTABLISH
Which compulsory covers apply to your business.
WHAT PROCUREMENT AND CONTRACTS FREQUENTLY REQUIRE
Evidence of specific covers and limits.
WHAT TO CHECK IN ANY POLICY
What is covered What is excluded The limits The excess Conditions you must meet
WHY CONDITIONS MATTER
Breaching them can void cover.
WHAT EXAMPLES LOOK LIKE
Security requirements Maintenance obligations Notification periods
WHAT TO DO ON ANY INCIDENT
Notify within the period required.
WHY
Late notification is a common reason claims fail.
WHAT TO KEEP
Policies, schedules and evidence of premium payment.
WHAT TO CALENDAR
Renewal dates.
WHAT TO REVIEW ANNUALLY
Whether cover still matches the business.
WHAT TO VERIFY
That the insurer is licensed.
