FAQ: What’s the difference between labour-only and bona-fide subcontractors?

Knowing the difference between labour-only and bona-fide subcontractors can help protect your business from costly and damaging risks, including fines, penalties and large-scale claims. The defining characteristics of labour-only subcontractors are as follows: They work under your supervision and direction They use your materials, kit, equipment and tools They must …

FAQ: What is the Retroactive Date on my Professional Indemnity policy?

Welcome to the first in a new series of FAQs from Pound Gates. Each month we’ll be answering a question we’re frequently asked. Martin Westlake, Relationship Manager at Pound Gates (pictured) answers the question: What is the Retroactive Date on my Professional Indemnity policy? The Retroactive Date on a Professional …

How commercial property landlords can limit their liabilities and stay successful

As the owner or manager of a property management firm, you are responsible for meeting your obligations to commercial tenants. By meeting those obligations, you help your tenants’ businesses thrive as well as keep yourself safe from charges of negligence and insurance claims. Furthermore, as general legislative trends see more …

Managing Risks for Directors and Officers – D&O

Every decision that directors and officers (D&O) of a company make has the potential to be scrutinised by clients, employees, shareholders and peers. These stakeholders may pursue legal action if they believe a decision adversely affects their best interests. The stakes are high – directors and officers risk losing their …

How to reduce your Employers’ Liability insurance premium

Employers’ Liability Insurance protects employers from claims of negligence made by employees who suffer injury or ill health due to their work. Unlike most other types of insurance, Employers’ Liability Insurance is compulsory. If you employ workers based in England, Scotland or Wales (including offshore installations or associated structures), your …

The unique risks of family-owned businesses

While any business relationship can be complex, adding a family dynamic to the mix creates unique issues and risks to navigate. Director and officer claims, employment-related legal actions and errors and omissions can affect family businesses more than other businesses. Pound Gates Insurance Brokers can develop a bespoke insurance programme …

Top 10 Risks to Small Businesses

Simple strategies small business owners can take to identify and manage top risks Optimism is the fuel that drives the entrepreneurial spirit, so it isn’t surprising that most small business owners consider themselves optimists. Too much optimism, however, can get a small business owner into trouble. A business plan built …