Advice, Compensation, Workplace

How can a business reduce its liability?

Reducing business liability doesn’t have to be complicated. Here are some simple tips on how you can reduce your business liability. What is liability in business? Liability is the risk of any sort of loss from your business, most commonly money and debts.  This could also be loss that occurs due to risk, negligence and even unforeseen circumstances (like a global pandemic).  Common types of loss from businesses include: 1. **Business failure**. This is the most common cause of bankruptcy. While the risk of loss is greatest in the first years of operation, it can happen any time. 2. **Inadequate insurance**. This means not getting insurance at all, or not getting enough insurance to cover your operations and relationships. 3. **Insufficient management**. Not...

How can health and safety audits reduce accidents at work?

A safe and secure workplace The awareness regarding health and safety in the workplace is increasing. Thousands of injuries in the workplace occur on a daily basis — and these range from minor injuries to very serious ones. As an employer, how do you go about overseeing a safe and secure environment for your employees? Conducting a site audit with proper due diligence program and partnering with a firm that specializes in safety training and consulting can help reduce the accidents (and other injuries) in the workplace. To find out what a health and safety audit looks like, see Health and safety policy According to, the law says that every business must have a policy for managing health and safety. The health and safety policy will show h...