This document discusses various types of insurance coverage that businesses should consider, including property damage insurance, public and products liability insurance, employers' liability insurance, and business interruption insurance. It also outlines several health and safety responsibilities of businesses, such as conducting fire risk assessments, ensuring proper electrical and gas equipment inspections, and complying with general risk management practices. The document provides an overview of related insurance products and services that can help protect businesses, such as legal expenses, professional indemnity, directors and officers liability, cyber and data protection, and engineering insurance.

2. Insurance
Are you aware of the risks and your responsibilities?
Property Damage
Covers loss or damage to the physical assets of the business whilst
at your premises. Contents, machinery, computers and stock need
to be valued on a ‘new for old’ basis and stock valued on the cost of
replacement not sales value. Buildings cover can also be included.
Underinsurance for property is also a major problem in the UK so
please let us advise to make sure that you have the right amount of
cover.
Public & Products Liability
Covers your business against injury you cause to a third party or
third party property and personal injury or damage to property
arising from any product you have supplied.
Employers’ Liability
Covers the cost of compensating employees who are injured at or
become ill through work. Employers’ liability insurance usually
covers the cost of compensation and any associated legal fees.
This is a legal requirement.
Business Interruption
Helps to protect your business from lost earnings in the event you
cannot operate after a covered loss or if the loss causes a reduction
in your earnings. If you lose income as a result of the loss, you can
recover those losses less any usual operating expenses. Talk to us
about making sure the cover is sufficient to minimise your loss of
revenue in the event of a claim.
Health and Safety
Protecting the Health and Safety of employees is a major concern
for businesses. As an employer you are legally obliged to identify
and manage any health and safety risks in your workplace.
Under civil law organisations have a general duty of care towards
their employees and people they deal with in the course of their
activities. If someone is injured or their property is damaged as
a result of the organisation’s activities, a compensation claim for
personal injury or loss of their property can be brought against an
individual or business. Under criminal law employers are required
to protect their employees and others affected by their activities
from injury, so far as it’s reasonably practicable.
If the requirements are breached, employers can face criminal
prosecution, fines and in serious cases, imprisonment. For practical
and free advice, go the HSE website www.hse.gov.uk
Omni Davis work extremely
hard to find the right cover
at the right price to suit the
needs of your business. We are
here to offer our expertise to
ensure that you understand
your responsibilities as well as
those of your insurers.
You and your business will have a
legal responsibility to comply with a
number of statutory requirements.
Whether in relation to the ownership
of property, the employment of
staff, the carrying out of work on
customer premises or specialist
equipment being used by you,
there is an expectation from your
insurers that you comply with these
requirements and a failure to do so
could affect the cover provided to
you under your insurance
At Omni Davis we would like to
bring to your attention the areas
of responsibility of the insured and
other insurance products we offer
to guard you from the mishaps that
life can throw at you. If you have any
questions or would like help with
areas of protection then please do
contact us.
What you need to
be aware of...

3. Electrical Inspections
All electrical installations deteriorate with age and use. They
should therefore be inspected and tested at regular intervals
to check whether they are in a satisfactory condition for
continued use. Such safety checks are commonly referred
to as ‘periodic inspection and testing’. The Electrical Safety
Register is a useful resource for finding approved electrical
contractors — www.electricalsafetyregister.com
Fire Risk Assessments
You are legally required to carry out an assessment of the risk
of fire within your premises and the precautions you have in
place, under the Regulatory Reform (Fire Safety) Order 2005.
To do this, you need to:
• Identify the fire hazards, such as sources of ignition,
flammable materials, and hazardous processes.
• Identify the people at risk, whether because of where
they work within the premises or because of what
they do.
• Remove or reduce the risk by controlling sources of
ignition and fuel, review fire detection and fire-fighting
systems.
• Prepare and test an emergency plan, reviewing the
means of escape including emergency lighting, and the
testing of fire precautions and fire safety training. The
Fire Protection Association offers a Business Fire Risk
Assessment Guide.
Gas and Carbon Monoxide
You must ensure that any gas appliances (permanent or
portable), and gas flues that you own and provide for use
by your tenants have regular gas safety checks. Carbon
monoxide can be produced by any combustion appliance,
including those that burn fossil fuels e.g. oil, wood and coal.
If you have one of these appliances you should make sure
that it is serviced and maintained by a competent person.
Carbon monoxide is a colourless, odourless, tasteless,
poisonous gas produced by incomplete burning of carbon-
based fuels which are normally safe to use if you ensure
that appliances, flues and chimneys are regularly inspected,
serviced and maintained by a competent person.
Related Products
& Services
we can offer
Legal Expenses covers against potential
costs of legal action brought by or against a
company or individual. Standard cover includes
employment disputes and compensation awards,
legal defence, property protection, bodily injury
and tax protection. Optional covers include
statutory licence appeal, contract disputes and
debt recovery.
Professional Indemnity protects your
business against claims for loss or damage made
by a client or a third party if you make mistakes
or are found to have been negligent in some
or all of the services you provided. Cover also
includes legal costs.
Directors and Officers of businesses have
responsibilities and powers in connection with
their position and they can be held responsible
for a range of issues including: health and
safety, data protection, maintaining satisfactory
accounts, fraud and negligence. Compensation
and legal fees will be covered by this type of
policy unless the act was deliberate.
Cyber and Data protection is designed to
support and protect businesses from evolving
e-risks. It provides comprehensive cover for your
computer systems and data, whether electronic
or non-electronic. Claims are paid for claims
made against you during the period of insurance
arising from your cyber or data liability. Legal
defence costs incurred are also covered and
included.
Engineering cover provides statutory
inspection for boiler plant/pressure systems,
lifting equipment, local exhaust ventilation (LEV)
systems, power presses and gantries. Cover
can also be extended to include protection
for certain types of plant that require sudden
and unforeseen damage including breakdown.
Explosion and collapse of pressure plant and
damage to own surrounding property can also be
included.
In respect to general risk management, property
valuation, security surveys and premises
improvements we can offer advice, recommend
professional suppliers and, in some cases,
can have insurers consider funding the costs
themselves.
Be business smart and let us tailor a bespoke solution
to suit the needs of your business

4. Risk Checklist
 General Risk Assessments
 Manual Handling Assessments
 Hazardous substances identified - COSHH assessments carried out
 DSE assessment
 Fire Risk Assessment
 Fire Alarm/emergency lighting installation inspections
 Fire Fighting equipment, maintenance and inspection
 Emergency evacuation and fire procedures
 Consultation with Employees
 Electrical inspection and testing
 Plant and equipment maintenance
 Building and Facilities maintenance
 Safety Training
 First Aid
 Accident reporting procedures
 Accident investigation procedures
 Safety Inspections
 General safety/housekeeping rule
 Waste Disposal Procedures
 Business Continuity Planning
Billingshurst Office 01403 785775
Ford Office 01243 864018
Email info@omnidavis.co.uk
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