Business: Insurance
The question
To ask the Secretary of State for Business and Trade, what steps his Department is taking with Companies Houses to ensure that businesses are adequately insured.
Answered by Justin Madders
Companies House supports the Registrar of Companies in the fulfilment of her functions to incorporate and dissolve companies, and to provide public access to company information by maintaining the public register of companies.
Insurance is a matter for individual companies and businesses. Where insurance is mandatory to operate or trade in a particular sector or environment, it would be for the relevant regulatory body to take action if a particular company’s insurance arrangements were inadequate. In England, Scotland and Wales the Health and Safety Executive enforces the legal requirement for businesses to maintain employers’ liability insurance.
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