Why is it important? Not only does it help protect your staff and keep members of the public safe, but it also helps to prevent interruptions to day-to-day business activities and potentially expensive repair costs. The words ‘inspection’ and ‘maintenance’ are often grouped together when referring to plant and machinery but in reality, the terms have different and distinct meanings. In this article from Allianz, they examine why both activities are vitally important. They also look at specific associated health and safety requirements and the potential pitfalls of not keeping equipment in … [Read more...]
Underinsurance ‘made worse’ by rising construction costs
A sustained rise in construction costs this year is increasing the likelihood of significant underinsurance of buildings in the UK. Recent data from RebuildCostASSESSMENT.com has highlighted how on average, buildings are covered for just 68% of the amount they should be in Britain. However, with rebuild costs rising rapidly, the current situation is likely to be even worse. According to the Builders Merchants Federation (BMF), prices have risen by between 10% and 15% for products and materials this year. However, some products, such as timber, have seen prices go up by 50% and by as much as … [Read more...]
What’s the difference between a labour only subcontractor (LOSC) and a bona fide subcontractor (BFSC)?
And when you need employers’ liability insurance. What is a labour only subcontractor? Labour only subcontractors are usually hired to assist with a build project when extra help is required. Labour only subcontractors become part of your team and work under your supervision, using tools, equipment and materials provided by your business. As they are employed for the duration of the build project, you are required to pay them the same wages as your full-time staff. You become responsible for their health and safety while they are at work. This includes making sure you have employers’ liability … [Read more...]