We use cookies to give you the best possible online experience. If you continue, we'll assume you are happy for your web browser to receive all cookies from our website. See our cookie policy for more information on cookies and how to manage them.

Benefits of Risk Management

Good health and safety practice makes sound business sense. You can:

  • Protect your workers from the suffering caused by accidents
  • Reduce employee absences and sick leave
  • Potentially reduce your insurance premium
  • Protect your business against the unforseeable
  • Maintain your organisation's reputation

Protecting Your Workers

The Statistics:

  • According to HSE sickness absence costs UK Plc over £12 billion a year
  • Employers incur £495 a year in direct costs for every worker employed. Indirect costs are probably considerably more (CBI 2005 statistics)
  • Every year between 200 and 240 people are killed in work related accidents (excluding road accidents) HSE
  • Each year around 28K employees sustain seriously injury and 110K employees sustain injury resulting in 3 day absence arising out of work related activities (excluding road accidents) HSE

Good health and safety practice means your business doesn't become a statistic

Reducing Premium

Whilst we can't promise that following the advice on this website will have an immediate impact on the price you pay for your insurance, what we can say is businesses that take risk management seriously tend to have fewer accidents. Over time these businesses generally pay significantly less for their insurance.

Protect Your Business

Whatever your business, accidents happen. Sometimes the cost of the accident may be covered by insurance, or you may be able to make a claim against somebody else.

No amount of money however, can truly compensate for serious long term injury or death to your employees, members of the public, or customers arising out of business activities.

Even if the loss or accident doesn't involve injury and compensation is available, the hidden costs can be substantial and often must be borne by the business.

Keeping Your Customers, Keeping Your Business

Typically the hidden cost of accidents and health and safety breaches are between 8 and 36 times the cost covered by insurance (Source HSE). Hidden costs include:

  • Sick pay
  • Investigation costs
  • Lost production/markets/goodwill
  • Additional overtime
  • Fines
  • Adverse publicity

Businesses suffering a significant loss are often so badly crippled, that they never recover. With the right business continuity planning and health and safety processes in place you can help avoid incidents occurring and minimise their impact when they do.

Contact us

Call our customer service team on:

0345 366 6666

Email -