Not beyond repair – how damage limitation can protect your business

Workplace accidents are always a risk but if your business takes the right steps you could reduce the reputational damage and penalty fees faced by your business.

Don’t Underestimate The Effects Of A Workplace Accident

The costs faced by a business in the event of a workplace accident can add up at an alarming rate. Firstly there’s the expense of any legal fees you may accrue while disputing a claim against you, not to mention any compensation you may be required to pay.

However, it may surprise you to know that this is far from all your business might face. If the Health & Safety Executive (HSE) finds you in material breach of health and safety law, you will be charged £124 for every hour it takes the HSE to carry out any regulatory action. If the HSE’s investigation results in prosecution, you could face fines and even imprisonment.

C&M Are Here To Help

Those are some pretty substantial risks but thankfully there are steps you can take to minimize these and it’s here that C&M can assist you. We can help you appoint a Reporting & Investigations Officer (RIO) to ensure that all workplace accidents are thoroughly recorded, reported and investigated, thereby reducing the stress such an accident can cause. Your RIO can even be an existing employee.

As well as helping you with your claim, your insurer will be able to instruct a lawyers to support you throughout any investigation and prosecution. A lawyer will understand the process and ensure the right statements are made and that the incident is properly investigated and defended. By working closely with your insurer and legal representatives, you’ll be able to contain fines wherever possible and be advised upon ways to help lead to a favorable outcome. For example, Allianz employ a Risk Control department who specialize in health and safety and risk management and many other insurers offer something similar.

For assistance in arranging risk protection and damage limitation for your business, simply get in touch with C&M Insurance on 01708 764 000 or email us at mail@cm-insurance.co.uk.