{"id":229,"date":"2025-01-15T09:53:46","date_gmt":"2025-01-15T09:53:46","guid":{"rendered":"https:\/\/suppliers.duchyofcornwall.org\/?page_id=229"},"modified":"2025-02-12T12:16:58","modified_gmt":"2025-02-12T12:16:58","slug":"insurance-help-page","status":"publish","type":"page","link":"https:\/\/suppliers.duchyofcornwall.org\/index.php\/insurance-help-page\/","title":{"rendered":"Insurance help page"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\" id=\"0-does-your-organisation-engage-with-suppliers-and-the-whole-supply-chain-to-encourage-robust-ways-of-working-in-line-with-your-own-values\"><strong>Help notes: INSURANCE<\/strong><\/h4>\n\n\n\n<p><\/p>\n\n\n\n<h4 class=\"wp-block-heading has-accent-5-background-color has-background\"><strong>Does your organisation have appropriate insurance policies in place?<\/strong><\/h4>\n\n\n\n<p>Insurance will ensure your organisation is protected against unforeseen risks and costs. Holding the correct insurance also demonstrates a basic level of professionalism in taking steps to protect yourself.<\/p>\n\n\n<div class=\"wp-block-ub-content-toggle\" id=\"ub-content-toggle-90d7ed3b-95cc-4647-88dd-cd06b4195fdb\" data-mobilecollapse=\"false\" data-desktopcollapse=\"true\">\n<div class=\"wp-block-ub-content-toggle-accordion\" id=\"ub-content-toggle-panel-block-\">\n                <div class=\"wp-block-ub-content-toggle-accordion-title-wrap\"\" aria-controls=\"ub-content-toggle-panel-0-90d7ed3b-95cc-4647-88dd-cd06b4195fdb\" tabindex=\"0\">\n                    <p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-90d7ed3b-95cc-4647-88dd-cd06b4195fdb\"><strong>What is a &#8216;Yes&#8217; for me?<\/strong><\/p><div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span>\n                    <\/div><\/div><div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-90d7ed3b-95cc-4647-88dd-cd06b4195fdb\">\n\n<p>This means having insurance in place as relevant for your organisation. &nbsp;<\/p>\n\n\n\n<p>Typically, this will include:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.fsb.org.uk\/resources-page\/what-do-you-need-to-know-about-public-liability-insurance.html\" target=\"_blank\" rel=\"noreferrer noopener\">Public Liability Insurance<\/a>: For most companies and organisations &nbsp;<\/li>\n\n\n\n<li><a href=\"https:\/\/www.fsb.org.uk\/resources-page\/what-is-employers-liability-insurance.html\" target=\"_blank\" rel=\"noreferrer noopener\">Employers Liability Insurance<\/a>: For any company with employees in the UK&nbsp;<\/li>\n\n\n\n<li>Public Indemnity Insurance: For companies offering a professional service or advice &nbsp;<\/li>\n<\/ul>\n\n\n\n<p>You may also be aware of other types of insurance appropriate to your sector.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/companieshouse.blog.gov.uk\/2019\/04\/30\/what-insurance-does-a-small-business-need\/\" target=\"_blank\" rel=\"noreferrer noopener\">Government advice for small businesses<\/a>&nbsp;<\/p>\n\n<\/div><\/div>\n<\/div>\n\n<div class=\"wp-block-ub-content-toggle\" id=\"ub-content-toggle-fff1736e-7364-499a-b214-2b7c3d7b3f2c\" data-mobilecollapse=\"false\" data-desktopcollapse=\"true\">\n<div class=\"wp-block-ub-content-toggle-accordion\" id=\"ub-content-toggle-panel-block-\">\n                <div class=\"wp-block-ub-content-toggle-accordion-title-wrap\"\" aria-controls=\"ub-content-toggle-panel-0-fff1736e-7364-499a-b214-2b7c3d7b3f2c\" tabindex=\"0\">\n                    <p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-fff1736e-7364-499a-b214-2b7c3d7b3f2c\"><strong>Does this question apply to me? Is this a regulatory requirement?<\/strong><\/p><div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span>\n                    <\/div><\/div><div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-fff1736e-7364-499a-b214-2b7c3d7b3f2c\">\n\n<p>Insurance is applicable to all organisations, of any size and in any sector.&nbsp;<\/p>\n\n\n\n<p>Employers Liability Insurance is a legal requirement for any organisation with one or more members of staff. Holding Public Liability Insurance and Professional Indemnity Insurance are not legal requirements but demonstrate a basic level of professionalism and are required by many clients and suppliers.&nbsp;<\/p>\n\n<\/div><\/div>\n<\/div>\n\n<div class=\"wp-block-ub-content-toggle\" id=\"ub-content-toggle-942e7d2f-e3d0-40c8-b45b-1737ad384899\" data-mobilecollapse=\"false\" data-desktopcollapse=\"true\">\n<div class=\"wp-block-ub-content-toggle-accordion\" id=\"ub-content-toggle-panel-block-\">\n                <div class=\"wp-block-ub-content-toggle-accordion-title-wrap\"\" aria-controls=\"ub-content-toggle-panel-0-942e7d2f-e3d0-40c8-b45b-1737ad384899\" tabindex=\"0\">\n                    <p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-942e7d2f-e3d0-40c8-b45b-1737ad384899\"><strong>Common types of insurance for organisations<\/strong><\/p><div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span>\n                    <\/div><\/div><div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-942e7d2f-e3d0-40c8-b45b-1737ad384899\">\n\n<p><a href=\"https:\/\/www.fsb.org.uk\/resources-page\/what-do-you-need-to-know-about-public-liability-insurance.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Public Liability Insurance<\/strong><\/a><em>:<\/em> Public liability insurance covers you for claims made against you by members of the public. If someone at an organisation accidentally causes injury to a member of the public, or damages their property, there can be legal fees and compensation costs which this insurance will cover. &nbsp;<\/p>\n\n\n\n<p>Many clients and suppliers need Public Liability Insurance to be in place before delivering work for a client.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.fsb.org.uk\/resources-page\/what-is-employers-liability-insurance.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Employers Liability Insurance<\/strong><\/a>: A legal requirement if you have any employees. It covers your business if one of your staff members claims they\u2019ve suffered an illness or injury as a result of working for you. It covers any legal and compensation costs involved in defending the case.&nbsp;<\/p>\n\n\n\n<p>Not holding this insurance can result in fines.&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Professional Indemnity Insurance: <\/strong>This is designed for those businesses who offer a professional service or advice. It will cover you if you make a mistake, or if a client suffers (or claims to suffer) a financial loss as a result of your work, paying legal and compensation costs. &nbsp;<\/p>\n\n\n\n<p>Many clients and suppliers will need Professional Indemnity Insurance to be in place before working with an organisation.&nbsp;<\/p>\n\n\n\n<p>N.B. Contractors and Consultants working within the Duchy of Cornwall\u2019s Contractors Policy require all three of the above to be in place.&nbsp;<\/p>\n\n\n\n<p>Organisations may also hold other types of insurance, depending on their nature, including:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Contents\/ Office Equipment\/ Portable Equipment cover&nbsp;<\/li>\n\n\n\n<li>Directors\u2019 and Officers\u2019 liability insurance&nbsp;<\/li>\n\n\n\n<li>Product Liability Insurance&nbsp;&nbsp;<\/li>\n\n\n\n<li>Specialist insurance for your sector<\/li>\n<\/ul>\n\n<\/div><\/div>\n<\/div>\n\n<div class=\"wp-block-ub-content-toggle\" id=\"ub-content-toggle-e4f3c724-b2ca-4d1b-8bc5-249907ed5c80\" data-mobilecollapse=\"false\" data-desktopcollapse=\"true\">\n<div class=\"wp-block-ub-content-toggle-accordion\" id=\"ub-content-toggle-panel-block-\">\n                <div class=\"wp-block-ub-content-toggle-accordion-title-wrap\"\" aria-controls=\"ub-content-toggle-panel-0-e4f3c724-b2ca-4d1b-8bc5-249907ed5c80\" tabindex=\"0\">\n                    <p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-e4f3c724-b2ca-4d1b-8bc5-249907ed5c80\"><strong>More information\/ Next steps<\/strong><\/p><div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span>\n                    <\/div><\/div><div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-e4f3c724-b2ca-4d1b-8bc5-249907ed5c80\">\n\n<p><a href=\"https:\/\/companieshouse.blog.gov.uk\/2019\/04\/30\/what-insurance-does-a-small-business-need\/\" target=\"_blank\" rel=\"noreferrer noopener\">Government advice for small businesses<\/a><\/p>\n\n\n\n<p>You can take up insurance through many different insurance companies, some set up for easy use by small businesses.&nbsp;&nbsp;<\/p>\n\n\n\n<p>One approach to finding insurance compared on price is via insurance broker sites online. Sites like <a href=\"https:\/\/thegoodshoppingguide.com\/subject\/ethical-insurance\/\" target=\"_blank\" rel=\"noreferrer noopener\">Insurance: Ethical Comparison &#8211; The Good Shopping Guide<\/a> and <a href=\"https:\/\/www.ethicalconsumer.org\/money-finance\/ethical-insurance\" target=\"_blank\" rel=\"noreferrer noopener\">Ethical Insurance | Ethical Consumer<\/a> also make recommendations on insurance companies which take more ethical approaches to investment.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The Duchy of Cornwall does not endorse using any particular insurance company.&nbsp;<\/p>\n\n<\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Help notes: INSURANCE Does your organisation have appropriate insurance policies in place? Insurance will ensure your organisation is protected against unforeseen risks and costs. Holding the correct insurance also demonstrates a basic level of professionalism in taking steps to protect yourself.<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-no-title","meta":{"ub_ctt_via":"","footnotes":""},"class_list":["post-229","page","type-page","status-publish","hentry"],"featured_image_src":null,"_links":{"self":[{"href":"https:\/\/suppliers.duchyofcornwall.org\/index.php\/wp-json\/wp\/v2\/pages\/229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/suppliers.duchyofcornwall.org\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/suppliers.duchyofcornwall.org\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/suppliers.duchyofcornwall.org\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/suppliers.duchyofcornwall.org\/index.php\/wp-json\/wp\/v2\/comments?post=229"}],"version-history":[{"count":8,"href":"https:\/\/suppliers.duchyofcornwall.org\/index.php\/wp-json\/wp\/v2\/pages\/229\/revisions"}],"predecessor-version":[{"id":840,"href":"https:\/\/suppliers.duchyofcornwall.org\/index.php\/wp-json\/wp\/v2\/pages\/229\/revisions\/840"}],"wp:attachment":[{"href":"https:\/\/suppliers.duchyofcornwall.org\/index.php\/wp-json\/wp\/v2\/media?parent=229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}