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Almost 75% of sole traders are are placing themselves at risk because of ignorance about about changes in employers’ liability legislation, research has shown.
Last year the law requiring businesses employing seasonal and part-time staff to have adequate employers’ liability insurance was updated.
But the study, by insurers MORE TH>N Business claims most sole traders admit
they are unaware of the change. In addition, nearly a quarter said they do not
understand what such insurance policies cover.
It is estimated that up to 50,000 sole traders are employing seasonal and
part-time workers without adequate cover and in total are risking fines of £125
million per day.
Individually, the businesses face possible fines of up to £2,500 per day and are
also liable for compensation and legal fees if an employee is injured or becomes
ill at work.
Source:
RedAlert
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