Organise a health and safety audit
There may be health and safety dangers lurking within your company premises that need to be protected against. Organising a health and safety audit can help to identify these dangers. You’re best off hiring a qualified health and safety inspector to come around your premises and point out these dangers. Such a report is done in confidentiality and is for your benefit only. By adding more health and safety features, you can prevent the possibility of future lawsuits whether it’s something as simple as adding signage to warn that tap may be hot or supplying extra safety clothing in case it’s needed.
Hire a bookkeeper
To avoid making costly tax errors, it’s worth hiring a bookkeeper to go through your records and help you calculate tax and expenses. You’re best off going through a professional accountancy firm. Chartered accountants are often the most reliable as they have been screened by a governing body, however, they can be more expensive than non-chartered accountants. Always hire someone that you trust – as with hiring a solicitor you should check for testimonials and online reviews for proof that they are credible.
Insure yourself
There are many insurance schemes that you can take out that will pay compensation in the event of a lawsuit. This may not protect your reputation but could save you financially. Employer’s Liability Insurance is compulsory and protects you from claims made by employees that were made sick or injured through your work. Other insurance schemes that you can take out to protect yourself include public liability insurance, product liability insurance and cyber insurance.
You may be able to find a business insurance package that combines all these schemes for a cheaper price than taking them out individually.
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