If there’s one thing that we can be certain of in life besides change, it’s that accidents can happen at any time. Even if you’re prepared, you need to guard your company against mishaps at all costs. From accidental damage insurance to increased awareness and protocols, every business owner needs to take action.
As the experts in several types of personal and business insurance, we’ve compiled a few measures that could make all the difference.
Get the right kind of cover
A policy like accidental damage insurance covers your business premises and from any negative repercussions. If you’re looking for a type of cover that extends to your staff, we suggest employer’s liability insurance. By having this in place, every person who works for your business can do so with peace of mind that should an accident happen, they will be compensated. With the help of this policy, compensation won’t come at a huge cost to your organisation, something that can really cripple many companies when the unforeseen occurs.
Conduct regular safety checks
More often than not, accidents take place when regular maintenance hasn’t been done. Those loose floorboards and electrical hazards that you’ve been meaning to get fixed need to be rectified. You never know when it could prove problematic and dangerous. It’s simply not worth risking. Conducting safety checks on the premises every second month will help identify any areas for improvement. As they say, prevention is better than cure.
Formulate an emergency plan
In the event of an emergency like a fire, your staff need to know what to do. This will help them get out of the building in a safe and swift manner with limited injury. We suggest bringing in a professional who can evaluate your premises and come up with the most effective evacuation plan. This can then be implemented and practised via a series of drills occasionally to keep this fresh in the minds of employees.
First aid is important
If something does happen, it takes time for an ambulance and paramedics to arrive. It’s why we suggest the presence of first aid kits on site as well as specialised first aid training for two or more of your management team. This will allow them to assist the injured party with basic care in the event of an emergency. Inspect your first aid kit every six months as some items may need replacing.
Promote fire safety
Are there enough fire extinguishers at your place of work? These need to be the right kind of extinguisher for the fire in question. If they aren’t, they’ll be mostly ineffective, something you will only learn once it has come time to use them. Training staff on how to use a fire extinguisher is vital as well because you never know when they’ll need to take action. Another part of fire safety is identifying hazards that could prove deadly later on. This is the first step in ensuring that your premises are a safe place for all who work there.
Employ enough staff
Whilst this might come at a greater cost to your business, many accidents happen because companies are understaffed. This often results in some employees working excessive overtime, causing exhaustion, mistakes and injury. If there’s a certain time of the year where you need extra employees, perhaps you should start planning ahead. This will allow you to make provisions for the additional costs and find suitable short-term staff.
Keep all vehicles and machinery properly maintained
Every piece of machinery owned and operated by the business needs to be inspected and serviced when necessary. These can prove deadly if left to run as normal without intervention. Effective maintenance is one way to ensure that your staff are protected against injuries that stem from malfunction. Get your employees to report any strange noises or reduced performance from company vehicles and machines. Then, get the necessary people in to take a closer look.
Call the experts for total peace of mind
At Compendium, our team of passionate brokers share their knowledge and insights so that you can do your very best for your business. To discuss your current portfolio or to get the ball rolling on a new policy, why not get in touch with us today on 079 5244 579? We’re always willing to help wherever we can, especially if it allows you to run your business a little more easily.