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PRO INSTALLER MARCH 2016
PRO NEWS
@proinstaller1
INSURANCE PROTECTION
FOR YOUR BUSINESS
Kent-based insurance brokers Marsh Insurance Services – which
has been insuring trades people and businesses for over 35 years discusses if you are operating within the law in terms of cover.
Public Liability Insurance is a key cover for many
businesses as it can protect you if someone is
injured or property is damaged because of your
business activities.
The cover limits normally range from £1million to £5million, to protect you against this cost.
If you have employees, contractors, casual workers or temporary staff, you’re required by law to take out employers liability insurance. It covers claims from employees who’ve been
injured or became seriously ill as a result of working for you.
You can also protect your tools and equipment with
business equipment insurance. We understand that your
equipment is essential, and with this cover you can ensure
that you’re back in business quickly in the event of loss or
damage.
EMPLOYERS LIABILITY – THE GREY AREA:
ARE YOU OPERATING WITHIN THE LAW?
It is important to correctly determine the status of
sub-contractors that you use to ensure that the cover provided by your policy is adequate. You need to determine
Bona Fide Subcontractor or Labour Only Sub Contractor
status. For example, just because a self-employed individual
pays their own tax and national insurance doesn’t necessarily mean that they do not come under your care as an employee in certain situations. Always seek professional advice
for your individual circumstances but as a general rule of
thumb we would compare the sub contractors as follows:
Marsh Insurance Services
Insurance products
tailored to your trade
BONA FIDE SUB CONTRACTORS (BFSC)
Did you know that most insurance companies would
usually exclude losses caused by work undertaken for your
business by BFSC, unless you take all reasonable steps to
ensure that they have and maintain public liability insurance with a limit no less than that under your own policy?
They will not make any payment for any claim or loss
where you fail to satisfy these requirements in full, commonly called the indemnity to principle clause.
LABOUR ONLY SUB CONTRACTORS (LOSC)
Should be treated as employees. Generally they work
under the direction of the insured and do not provide their
own materials or tools. It is a ‘master/servant’ relationship.
Cover therefore should be arranged for them by the main
contractor.
www.marshinsuranceservices.co.uk or call 01797 362007
Record year down to ‘returning confidence’
Purplex managing
director Andrew Scott
says returning industry
confidence is a key
reason for his firm’s
impressive year.
The window industry marketing company ended 2015
up 57% compared to 2014,
and has seen record yearon-year growth over the last
five years.
The full-service marketing
agency has teams of specialists in PR, video, design
and branding, digital marketing and web/mobile and
works with industry heavyweights such as Winkhaus,
Astraseal and Everest.
Andrew comments: “2015
was a seminal year for
Purplex, with management
information showing a
dramatic increase in client
activity, compared to 2014.
Our clients are buying and
selling more and hitting
ambitious growth targets.
As a barometer for the
wider industry, it shows
returning confidence and
optimism.
“We also brought on
several major new clients
in the construction and
building products sector in
2015. All were hungry to
attack their respective markets and increase market
share.”
Purplex employs over
40 staff and has recently announced a major
recruitment drive, with the
aim of creating 25 new
jobs in 2016. They were
triple finalists in the recent
Construction Marketing
Awards, including the
Agency of the Year category.
Andrew concluded: “Naturally there are industry
pressures such as supply
of products and skills but
o