There has been an article recently containing feedback from retailers on many major issues that affect their businesses. One of the paramount areas of concern is the amount of employment law which affects owners of shops. In the last couple of years the maximum award for unfair or constructive dismissal has been increased to fifty thousand pounds, with unlimited awards for sex, race and disability discrimination.
Needless to say, retailers who have acted reasonably and fairly will be disappointed to say the least, to lose at an employment tribunal if they have been accused of not following the correct procedures. Over the past ten years the number of applications to employment tribunals has increased by a massive one hundred and fifty per cent, currently standing at over one hundred thousand cases a year.
With these sorts of figures retail owners require the necessary insurance protection. They need to be completely covered against any legal expenses and advice to meet the costs of defending an employment related dispute. Reputable online insurance companies can provide this in depth, with insurance polices that not only cover the costs, but also covers tax and VAT too. This additional insurance product can cost as little as fifty pounds per year to retailers, so it is obviously worth purchasing.
Unfortunately for many shop owners, over the last decade there has been a huge increase in no-win no-fee solicitors springing up. They, on the other side of the coin, provide all the help and necessary legal requirements for a member of the public to take out a compensation claim against almost anyone, including shop-keepers.
Again, the best way to combat this is to purchase fully comprehensive shop insurance. Online insurance brokers can give shop-keepers all the necessary advice regarding policies.
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