Your Business With James Caan 2017 - 249

INSURANCE

G

etting to grips with the intricacies
of insurance cover can seem
daunting, but it's worth making it a
priority in the initial stages of your
business development. Not only will it
spare you any nasty shocks down the
line, it will also allow you to integrate
the costs into your business plan.
Not having the right insurance
in place can put paid to your plans
before they're even off the ground,
so it's important to make sure all
your business risks are covered.
With such a vast array of cover
options and packages available to
choose from, understanding the
risks your business faces is essential.
Demonstrating that you're aware
of these risks will also make your
enterprise more attractive to potential
investors and lenders, so it makes
sense to set aside time to think these
through when you're still at the early
planning stages of your business.
It's a good idea to contact several
insurance companies when you are
setting up your business. They will be
able to give you some insight as to the
risks your business could face - issues
that may well influence your choice of
commercial premises, for example.

WORDS: TRISH LESSLIE | PHOTOGRAPHY: SHUTTERSTOCK

KNOW THE MARKET

Give yourself time to search
for the right policies, because
rushing the process means you
may not get the best deals.
The internet is an indispensable
resource for hunting down the best
insurance deals, with a multitude of
comparison sites to help you research
your options. Moneysupermarket.com,
for example, has a helpful guide
to start-up business insurance.
Important factors you
should consider include:
■ Can you increase the cover as and
when your business grows?
■ Will all your legal costs be covered
in the event of a legal dispute
involving an employee or supplier?
■ What payment options are on offer?
■ Does the policy come with extras
such as advisory support?

THE ESSENTIALS

Every business needs to take out
certain insurance cover to comply with

the law. Not all of the following may
apply to your business but some of
them will, so make sure you're aware
of your legal insurance requirements.

EMPLOYERS' LIABILITY

Most businesses need to take out this
cover to comply with the Employers'
Liability (Compulsory Insurance)
Act 1969. Basically, it covers you
and your staff against injury or
illness as a result of the work
undertaken in your employment.
Ensuring you have this cover will
offer you protection against any
potential claims from employees.
To be classified as an employee, an
individual must be employed under a
contract of service or apprenticeship.
You need to take out employers'
liability insurance (ELI) for such

The mandatory
employers' liability
insurance must be
for at least £5m
employees, but keep in mind the
contract doesn't have to be written
- it can be spoken or implied.
The mandatory employers' liability
insurance must be for at least £5m of
cover. Failure to obtain this cover can
result in a hefty fine from the Health
& Safety Executive (HSE) - up to
£2,500 for every day you are without
suitable insurance. You could also be
fined up to £1,000 if you fail to display
or make available your certificate
of insurance to HSE inspectors.
There are some exceptions to this.
Any company that employs only its
owner, and where the owner also
owns 50% or more of the issued share
capital in the company, is exempt.
Also, you don't need ELI to cover
any of your employees who are
based abroad and spend less than
14 days continuously in the UK.

However, you should check whether
the law in the country where they
are based requires you to take out
insurance or employ any other
measures to protect your employees.
Family businesses, where
all the employees are closely
related to you, may not need ELI.
However, if your family business is
incorporated as a limited company,
the ELI rules still apply.
If you think your company may
be exempt from ELI, it's best to
check with the authorities to avoid
potential fines before opting out.
For more information visit gov.uk/
employers-liability-insurance.

PROFESSIONAL INDEMNITY

Some industry-regulating bodies
require that practitioners take out
professional indemnity insurance
(PII). Accountancy, engineering
and surveying are all examples of
professions requiring PII, but you
could also need it if your business
offers advice in a professional capacity.
Whether this be IT, health and
fitness or a service - a photography
studio, for example - you'd be
wise to get cover to protect your
business. A claim from an unhappy
client could have devastating
consequences - you could be faced
with a compensation payout that could
cripple your business. PII should
cover your compensation costs as
well as any legal spend, so it's a vital
consideration for any new enterprise.
PII can cover all of the below,
so it really is worth considering
the extra expense even when this
type of cover isn't compulsory:
■ Professional negligence
■ Dishonesty
■ Loss of data, documents, goods
and money
■ Unintentional breach of copyright
and/or confidentiality
■ Defamation and libel

MOTOR INSURANCE

Whether you use an old van or a fleet
of cars, motor vehicle insurance is
essential. Standard vehicle policies
cover social and domestic use only, so
if you're going to be making trips to see
clients, you'll need a different level.

249



Table of Contents for the Digital Edition of Your Business With James Caan 2017

Your Business With James Caan 2017 - 1
Your Business With James Caan 2017 - 2
Your Business With James Caan 2017 - 3
Your Business With James Caan 2017 - 4
Your Business With James Caan 2017 - 5
Your Business With James Caan 2017 - 6
Your Business With James Caan 2017 - 7
Your Business With James Caan 2017 - 8
Your Business With James Caan 2017 - 9
Your Business With James Caan 2017 - 10
Your Business With James Caan 2017 - 11
Your Business With James Caan 2017 - 12
Your Business With James Caan 2017 - 13
Your Business With James Caan 2017 - 14
Your Business With James Caan 2017 - 15
Your Business With James Caan 2017 - 16
Your Business With James Caan 2017 - 17
Your Business With James Caan 2017 - 18
Your Business With James Caan 2017 - 19
Your Business With James Caan 2017 - 20
Your Business With James Caan 2017 - 21
Your Business With James Caan 2017 - 22
Your Business With James Caan 2017 - 23
Your Business With James Caan 2017 - 24
Your Business With James Caan 2017 - 25
Your Business With James Caan 2017 - 26
Your Business With James Caan 2017 - 27
Your Business With James Caan 2017 - 28
Your Business With James Caan 2017 - 29
Your Business With James Caan 2017 - 30
Your Business With James Caan 2017 - 31
Your Business With James Caan 2017 - 32
Your Business With James Caan 2017 - 33
Your Business With James Caan 2017 - 34
Your Business With James Caan 2017 - 35
Your Business With James Caan 2017 - 36
Your Business With James Caan 2017 - 37
Your Business With James Caan 2017 - 38
Your Business With James Caan 2017 - 39
Your Business With James Caan 2017 - 40
Your Business With James Caan 2017 - 41
Your Business With James Caan 2017 - 42
Your Business With James Caan 2017 - 43
Your Business With James Caan 2017 - 44
Your Business With James Caan 2017 - 45
Your Business With James Caan 2017 - 46
Your Business With James Caan 2017 - 47
Your Business With James Caan 2017 - 48
Your Business With James Caan 2017 - 49
Your Business With James Caan 2017 - 50
Your Business With James Caan 2017 - 51
Your Business With James Caan 2017 - 52
Your Business With James Caan 2017 - 53
Your Business With James Caan 2017 - 54
Your Business With James Caan 2017 - 55
Your Business With James Caan 2017 - 56
Your Business With James Caan 2017 - 57
Your Business With James Caan 2017 - 58
Your Business With James Caan 2017 - 59
Your Business With James Caan 2017 - 60
Your Business With James Caan 2017 - 61
Your Business With James Caan 2017 - 62
Your Business With James Caan 2017 - 63
Your Business With James Caan 2017 - 64
Your Business With James Caan 2017 - 65
Your Business With James Caan 2017 - 66
Your Business With James Caan 2017 - 67
Your Business With James Caan 2017 - 68
Your Business With James Caan 2017 - 69
Your Business With James Caan 2017 - 70
Your Business With James Caan 2017 - 71
Your Business With James Caan 2017 - 72
Your Business With James Caan 2017 - 73
Your Business With James Caan 2017 - 74
Your Business With James Caan 2017 - 75
Your Business With James Caan 2017 - 76
Your Business With James Caan 2017 - 77
Your Business With James Caan 2017 - 78
Your Business With James Caan 2017 - 79
Your Business With James Caan 2017 - 80
Your Business With James Caan 2017 - 81
Your Business With James Caan 2017 - 82
Your Business With James Caan 2017 - 83
Your Business With James Caan 2017 - 84
Your Business With James Caan 2017 - 85
Your Business With James Caan 2017 - 86
Your Business With James Caan 2017 - 87
Your Business With James Caan 2017 - 88
Your Business With James Caan 2017 - 89
Your Business With James Caan 2017 - 90
Your Business With James Caan 2017 - 91
Your Business With James Caan 2017 - 92
Your Business With James Caan 2017 - 93
Your Business With James Caan 2017 - 94
Your Business With James Caan 2017 - 95
Your Business With James Caan 2017 - 96
Your Business With James Caan 2017 - 97
Your Business With James Caan 2017 - 98
Your Business With James Caan 2017 - 99
Your Business With James Caan 2017 - 100
Your Business With James Caan 2017 - 101
Your Business With James Caan 2017 - 102
Your Business With James Caan 2017 - 103
Your Business With James Caan 2017 - 104
Your Business With James Caan 2017 - 105
Your Business With James Caan 2017 - 106
Your Business With James Caan 2017 - 107
Your Business With James Caan 2017 - 108
Your Business With James Caan 2017 - 109
Your Business With James Caan 2017 - 110
Your Business With James Caan 2017 - 111
Your Business With James Caan 2017 - 112
Your Business With James Caan 2017 - 113
Your Business With James Caan 2017 - 114
Your Business With James Caan 2017 - 115
Your Business With James Caan 2017 - 116
Your Business With James Caan 2017 - 117
Your Business With James Caan 2017 - 118
Your Business With James Caan 2017 - 119
Your Business With James Caan 2017 - 120
Your Business With James Caan 2017 - 121
Your Business With James Caan 2017 - 122
Your Business With James Caan 2017 - 123
Your Business With James Caan 2017 - 124
Your Business With James Caan 2017 - 125
Your Business With James Caan 2017 - 126
Your Business With James Caan 2017 - 127
Your Business With James Caan 2017 - 128
Your Business With James Caan 2017 - 129
Your Business With James Caan 2017 - 130
Your Business With James Caan 2017 - 131
Your Business With James Caan 2017 - 132
Your Business With James Caan 2017 - 133
Your Business With James Caan 2017 - 134
Your Business With James Caan 2017 - 135
Your Business With James Caan 2017 - 136
Your Business With James Caan 2017 - 137
Your Business With James Caan 2017 - 138
Your Business With James Caan 2017 - 139
Your Business With James Caan 2017 - 140
Your Business With James Caan 2017 - 141
Your Business With James Caan 2017 - 142
Your Business With James Caan 2017 - 143
Your Business With James Caan 2017 - 144
Your Business With James Caan 2017 - 145
Your Business With James Caan 2017 - 146
Your Business With James Caan 2017 - 147
Your Business With James Caan 2017 - 148
Your Business With James Caan 2017 - 149
Your Business With James Caan 2017 - 150
Your Business With James Caan 2017 - 151
Your Business With James Caan 2017 - 152
Your Business With James Caan 2017 - 153
Your Business With James Caan 2017 - 154
Your Business With James Caan 2017 - 155
Your Business With James Caan 2017 - 156
Your Business With James Caan 2017 - 157
Your Business With James Caan 2017 - 158
Your Business With James Caan 2017 - 159
Your Business With James Caan 2017 - 160
Your Business With James Caan 2017 - 161
Your Business With James Caan 2017 - 162
Your Business With James Caan 2017 - 163
Your Business With James Caan 2017 - 164
Your Business With James Caan 2017 - 165
Your Business With James Caan 2017 - 166
Your Business With James Caan 2017 - 167
Your Business With James Caan 2017 - 168
Your Business With James Caan 2017 - 169
Your Business With James Caan 2017 - 170
Your Business With James Caan 2017 - 171
Your Business With James Caan 2017 - 172
Your Business With James Caan 2017 - 173
Your Business With James Caan 2017 - 174
Your Business With James Caan 2017 - 175
Your Business With James Caan 2017 - 176
Your Business With James Caan 2017 - 177
Your Business With James Caan 2017 - 178
Your Business With James Caan 2017 - 179
Your Business With James Caan 2017 - 180
Your Business With James Caan 2017 - 181
Your Business With James Caan 2017 - 182
Your Business With James Caan 2017 - 183
Your Business With James Caan 2017 - 184
Your Business With James Caan 2017 - 185
Your Business With James Caan 2017 - 186
Your Business With James Caan 2017 - 187
Your Business With James Caan 2017 - 188
Your Business With James Caan 2017 - 189
Your Business With James Caan 2017 - 190
Your Business With James Caan 2017 - 191
Your Business With James Caan 2017 - 192
Your Business With James Caan 2017 - 193
Your Business With James Caan 2017 - 194
Your Business With James Caan 2017 - 195
Your Business With James Caan 2017 - 196
Your Business With James Caan 2017 - 197
Your Business With James Caan 2017 - 198
Your Business With James Caan 2017 - 199
Your Business With James Caan 2017 - 200
Your Business With James Caan 2017 - 201
Your Business With James Caan 2017 - 202
Your Business With James Caan 2017 - 203
Your Business With James Caan 2017 - 204
Your Business With James Caan 2017 - 205
Your Business With James Caan 2017 - 206
Your Business With James Caan 2017 - 207
Your Business With James Caan 2017 - 208
Your Business With James Caan 2017 - 209
Your Business With James Caan 2017 - 210
Your Business With James Caan 2017 - 211
Your Business With James Caan 2017 - 212
Your Business With James Caan 2017 - 213
Your Business With James Caan 2017 - 214
Your Business With James Caan 2017 - 215
Your Business With James Caan 2017 - 216
Your Business With James Caan 2017 - 217
Your Business With James Caan 2017 - 218
Your Business With James Caan 2017 - 219
Your Business With James Caan 2017 - 220
Your Business With James Caan 2017 - 221
Your Business With James Caan 2017 - 222
Your Business With James Caan 2017 - 223
Your Business With James Caan 2017 - 224
Your Business With James Caan 2017 - 225
Your Business With James Caan 2017 - 226
Your Business With James Caan 2017 - 227
Your Business With James Caan 2017 - 228
Your Business With James Caan 2017 - 229
Your Business With James Caan 2017 - 230
Your Business With James Caan 2017 - 231
Your Business With James Caan 2017 - 232
Your Business With James Caan 2017 - 233
Your Business With James Caan 2017 - 234
Your Business With James Caan 2017 - 235
Your Business With James Caan 2017 - 236
Your Business With James Caan 2017 - 237
Your Business With James Caan 2017 - 238
Your Business With James Caan 2017 - 239
Your Business With James Caan 2017 - 240
Your Business With James Caan 2017 - 241
Your Business With James Caan 2017 - 242
Your Business With James Caan 2017 - 243
Your Business With James Caan 2017 - 244
Your Business With James Caan 2017 - 245
Your Business With James Caan 2017 - 246
Your Business With James Caan 2017 - 247
Your Business With James Caan 2017 - 248
Your Business With James Caan 2017 - 249
Your Business With James Caan 2017 - 250
Your Business With James Caan 2017 - 251
Your Business With James Caan 2017 - 252
Your Business With James Caan 2017 - 253
Your Business With James Caan 2017 - 254
Your Business With James Caan 2017 - 255
Your Business With James Caan 2017 - 256
Your Business With James Caan 2017 - 257
Your Business With James Caan 2017 - 258
Your Business With James Caan 2017 - 259
Your Business With James Caan 2017 - 260
Your Business With James Caan 2017 - 261
Your Business With James Caan 2017 - 262
Your Business With James Caan 2017 - 263
Your Business With James Caan 2017 - 264
Your Business With James Caan 2017 - 265
Your Business With James Caan 2017 - 266
Your Business With James Caan 2017 - 267
Your Business With James Caan 2017 - 268
Your Business With James Caan 2017 - 269
Your Business With James Caan 2017 - 270
Your Business With James Caan 2017 - 271
Your Business With James Caan 2017 - 272
Your Business With James Caan 2017 - 273
Your Business With James Caan 2017 - 274
Your Business With James Caan 2017 - 275
Your Business With James Caan 2017 - 276
Your Business With James Caan 2017 - 277
Your Business With James Caan 2017 - 278
Your Business With James Caan 2017 - 279
Your Business With James Caan 2017 - 280
Your Business With James Caan 2017 - 281
Your Business With James Caan 2017 - 282
Your Business With James Caan 2017 - 283
Your Business With James Caan 2017 - 284
Your Business With James Caan 2017 - 285
Your Business With James Caan 2017 - 286
Your Business With James Caan 2017 - 287
Your Business With James Caan 2017 - 288
Your Business With James Caan 2017 - 289
Your Business With James Caan 2017 - 290
Your Business With James Caan 2017 - 291
Your Business With James Caan 2017 - 292
Your Business With James Caan 2017 - 293
Your Business With James Caan 2017 - 294
Your Business With James Caan 2017 - 295
Your Business With James Caan 2017 - 296
Your Business With James Caan 2017 - 297
Your Business With James Caan 2017 - 298
Your Business With James Caan 2017 - 299
Your Business With James Caan 2017 - 300
Your Business With James Caan 2017 - 301
Your Business With James Caan 2017 - 302
Your Business With James Caan 2017 - 303
Your Business With James Caan 2017 - 304
Your Business With James Caan 2017 - 305
Your Business With James Caan 2017 - 306
Your Business With James Caan 2017 - 307
Your Business With James Caan 2017 - 308
Your Business With James Caan 2017 - 309
Your Business With James Caan 2017 - 310
Your Business With James Caan 2017 - 311
Your Business With James Caan 2017 - 312
Your Business With James Caan 2017 - 313
Your Business With James Caan 2017 - 314
Your Business With James Caan 2017 - 315
Your Business With James Caan 2017 - 316
http://europe.nxtbook.com/emp/Careers/jcspring2018
http://europe.nxtbook.com/emp/Careers/JobsandCareersAutumn2017
http://europe.nxtbook.com/emp/Careers/YourBusinessWithJamesCaan2017
http://europe.nxtbook.com/emp/Careers/Careers/Careers_with_Hayley_Taylor_2011
http://www.nxtbookMEDIA.com