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Insurance – what’s required and what’s not


In business life, as in domestic life, mishaps occur. That’s why we have insurance


L


ike the world of commerce itself, the range of cover on offer is almost infinite. For the most part you’re free to choose


which policies you take advantage of. However, in a small number of instances


insurance is a legal requirement, not a voluntary option. And as the way we do business changes, for example with increasing use of digital assets, the type of cover you have should always be under review.


Elena Fry, Partner and Head of


Insurance and Risk at Brodies, explained the essentials: “Employers’ liability insurance and motor insurance are the only compulsory insurances that a business is required to purchase by law.


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