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Christmas Tips for your business

Christmas Tips for your business

It’s the most wonderful time of the year! Or so the song goes… However, Christmas is also a time when your business can be exposed to additional risk – have a look at our handy checklist to make sure that your business is protected from additional risk this Christmas.

Staff

Depending on your business type, you may need to take on additional employees over Christmas to help cope with additional demands. If you are making use of temporary staff, it is important to make sure that those staff are fully up to speed with the health and safety requirements of your business. Staff acting outside of normal working practices and/or not being aware of your health and safety policy could invalidate your liability cover if they are shown to be contravening your policies. Temporary staff may also be more prone to accidents or injury due to relative inexperience.

Do - Give yourself plenty of time to train new staff members and make sure that you are fully covered under your Employer’s Liability Insurance for temporary workers.

Decorations

Christmas is a great time of year to inject a bit of extra joy into your business and who does not love to see businesses decorated for the festive season? Whether you have a Christmas tree in the office, tinsel around your till or staff wearing Christmas hats, make sure you check your insurance to be sure you are covered in the event of a mishap!

Faulty Christmas lights are one of the most common causes of fires at this time of year so do check decorations for safety and make sure that any additional decorations like trees or lights don’t create a hazard for your staff or customers.

Empty buildings

Hopefully you and your staff will get the chance for some time away from work over Christmas – if your business premises is deserted over Christmas, it may be more vulnerable to break-ins or loss and damage as a result of seasonal weather. Christmas 2013 was ruined by flooding for many homes and businesses in Kent and Surrey.

Take the time to review your premises cover and make sure you take any necessary steps in the event of bad weather.

Data Breaches

According to Symantec, a global company dealing with network security, the most common time for business data breaches is during the busy holiday period; from October through to December. Make sure your cyber security is up to scratch. Cyber cover is fast becoming a must have for businesses, especially those who handle client data – read more about cyber insurance and how to protect your business from risk.

Christmas Spirit…

Most businesses have some kind of party for staff at Christmas – this can be a great way of thanking staff for their hard work in the run up to Christmas and throughout the year. Whether held on or off the premises, your responsibilities as an employer in terms of liability still stand. Work parties are often much anticipated and great fun, they can also result in overindulgence and lead to injuries and damage to property. Believe it or not, some insurance companies even offer specific cover for Christmas events and parties! Without wanting to put a dampener on the staff party, they do offer an opportunity for inappropriate behaviour and staff injury so it is best to be prepared!

When planning your Christmas party - make sure your Employer’s Liability insurance (to cover your staff’s welfare) and your Directors’ and Officers’ Insurance (to cover your Management Liability) are up to date.

Overall, one of the best ways to protect your business over the Christmas period is to make sure there are no gaps in your business insurance coverage. For more information on reviewing your Public Liability, Employers Liability, premises and cyber cover – get in touch with a member of our team.

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