Sheffield broker offers local firms guidance against rising workplace claims

20th May 2014

Sheffield broker IFM Insurance based on Tapton House Road had produced a short guidance document to help local firms combat rising workplace injury compensation claims on small businesses.

This follows recent research by AXA Insurance which revealed: •Almost a quarter (24 per cent) of small and medium-sized businesses (SMEs) have had an employee or former employee claim against their Employers' Liability Insurance in the past five years. • The majority of employers (84 per cent) believe that the UK has a compensation culture, with over three quarters (77 per cent) viewing Claims Management Companies (CMCs) as the principal contributors to this growing trend. • Fears over fraudulent Employers' Liability claims persist and reforms are strongly supported by SMEs - 79 per cent of SME owners would like to see tougher medical examinations imposed for workplace related accident or injury claims in order to crack down on fraudulent activity. John Leigh, Director at IFM Insurance said, -Clearly those people who suffer genuine injuries in the workplace should receive fair compensation. However, there has been a steep rise in the number of workplace claims which means firms should have proper procedures in place to combat any fraudelent activity. So we have produced a simple document designed to help local businesses deal with workplace claims in an efficient and speedy manner. Firms can access the document by going to: http://www.ifminsurance.co.uk/News/IFM-offers-local-firms-guidance-against-rising-wor.aspx