The Federation of Small Businesses (FSB) has advised its members that new health and safety legislation could adversely affect SME insurance premiums.
Last week saw the introduction of an initiative that enables the NHS to reclaim the costs used in treating patients who received personal injury compensation.
With the majority of the country's private sector employees currently working at SMEs, the downside of any potential health and safety accidents in the workplace could prove to be prohibitive for small business insurance premiums if steps are not taken to ensure good working practices.
"We are not here to defend businesses whose negligence causes accidents in the workplace. But the vast majority of small businesses are conscientious employers and don't deserve to be set back by higher insurance premiums," said FSB health and safety chairwoman Mary Boughton.
"It was not long ago that surveys of the FSB membership showed that, through no fault of their own, 25 per cent of small businesses found it difficult or impossible to secure any sort of Employers Liability Compulsory Insurance and insurers were not taking good health and safety records into account," Ms Boughton added.
The FSB recently advised that employment legislation, especially new age-discrimination laws, had proved to be a growing cause of confusion for its members.
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