- How long must documents be kept?
- Does employer need liability insurance?
- How long do you have to keep insurance certificates?
- What are the 4 main objectives of the Health and Safety at Work Act?
- Is it illegal to not have business insurance?
- Do I need employers liability insurance for subcontractors?
- Do I need to keep old share certificates?
- How many years of bank statements should you keep?
- What happens if you have no public liability insurance?
- What certificate should be displayed by the employer?
- Is it a legal requirement to have public liability insurance?
- Does a health and safety policy need to be signed?
How long must documents be kept?
seven yearsMost lawyers, accountants and bookkeeping services recommend keeping original documents for at least seven years.
As a rule of thumb, seven years is sufficient time for defending tax audits, lawsuits and potential claims..
Does employer need liability insurance?
Yes, you do need employers’ liability insurance for part-time workers. Unless you fall under one of the exemptions, it’s compulsory to have employers’ liability insurance if you have any employees, even if they’re part-time or temporary.
How long do you have to keep insurance certificates?
forty yearsA Certificate of Employers’ Liability insurance cover needs to be displayed in all business premises and it is a legal requirement under the Employers’ Liability (Compulsory Insurance) Regulations 1998 that all certificates are retained for a period of forty years.
What are the 4 main objectives of the Health and Safety at Work Act?
General duties Ensuring employees’ health, safety and welfare at work; Protecting non-employees against the health and safety risks arising from work activities; and. Controlling the keeping and use of explosive or highly flammable or dangerous substances.
Is it illegal to not have business insurance?
Public liability insurance is not required by law, but if members of the public come to your premises, or could be hurt in any way by something your business does it’s probably a good idea to have cover.
Do I need employers liability insurance for subcontractors?
You do not need employers’ liability insurance for bona fide subcontractors, but you should ask for proof that they are licensed and that they have public liability insurance before you hire them. If they have any staff, make sure that they’re insured too.
Do I need to keep old share certificates?
For instance, birth and marriage certificates, copies of wills, Premium Bond certificates, share certificates, mortgage papers are all worth hanging on to. While household bills and bank statements should be kept for at least two years, and insurance documents as long as they are valid.
How many years of bank statements should you keep?
Key Takeaways. Most bank statements should be kept accessible in hard copy or electronic form for one year, after which they can be shredded. Anything tax-related such as proof of charitable donations should be kept for at least three years.
What happens if you have no public liability insurance?
If someone sues your business and you don’t have public liability insurance, you’ll have to pay for a solicitor yourself. If the claim against you is successful, you might have to pay a hefty settlement – and you might even have to cover the legal fees for the person suing you.
What certificate should be displayed by the employer?
What other certificates do I need to display as an employer? Employers must display their employers’ liability insurance certificate, as well as their health and safety policy, a health and safety law poster, a list of first aiders employed by the company and fire evacuation arrangements.
Is it a legal requirement to have public liability insurance?
Unlike employer’s liability insurance, public liability insurance isn’t a legal requirement. That said, it’s an important cover for any business that interacts with the public. After all, most businesses have some contact with customers, suppliers or passers-by, meaning they’re exposed to a degree of risk.
Does a health and safety policy need to be signed?
The health and safety policy statement should be signed and dated. … State your general policy on health and safety at work, including your commitment to managing health and safety and your aims. As the employer or most senior person in the company, you should sign it and review it regularly.