Archive for the ‘Risk Management’ category

Employers Liability Insurance and Its Benefits for Small Businesses

October 19th, 2011

Any company, whether it is small or large, having permanent or temporary employees should have employers’ liability insurance. It is not only necessary but is mandatory in UK according to the Employers Liability (Compulsory Insurance) Act, 1969. This insurance helps the business in covering the unexpected costs that comes from injuries or fatalities of its employees. Especially for small businesses, this is particularly advantageous owing to the extremely high costs of health and safety needs, which when incurred unexpectedly makes it difficult for the business to bear.

The below points discussed will help you know what actually the employers liability insurance covers and why it is important for small businesses.

What liability it covers? Employers’ liability insurance covers the costs associated with the injuries or fatal accidents occurred to the employees on site or off site while performing their job. In addition to the medical costs, the lost pay during the treatment period of the employees is also covered. It also covers the legal costs which are incurred due to the lawsuits filed by the employee/his family against the employer for causing injury or death.
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How to Protect Your Business Against Fire

October 19th, 2011

All business owners have undoubtedly worked hard to build their businesses up from nothing, so it’s understandable that owners wouldn’t want to think about the tragedy of all their hard work being taken away. Unfortunately, this can happen in the blink of an eye if the business isn’t properly protected from disaster. A perfect example of this is a fire. If the business owner fails to put in the proper protection, the entire business can go from being a successful masterpiece to being a worthless pile of ash.

Smoke Detectors

There are many different types of alarm systems and it’s up to the owner of the business to decide which one would be most beneficial to the property. The most common alarm system is the smoke detector. When the smoke from the fire reaches a certain level, the alarm will go off informing everyone inside that there is a fire. These alarms usually rely on outside help, such as an employee from the business, to call for help if needed. Because of this, it’s not a good alarm system to rely on unless your business is open 24/7.
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Intrusion Detection System – How It Works

October 19th, 2011

How an intrusion detection system works is somewhat complicated to understand. This, along with a network management system, is definitely something to look into if you have a business with a network. If you have ever worked in a tech department before, you are no doubt familiar with both these terms.

However, if you are not tech-savvy, and are just trying to educate yourself on what these systems are and how to find a good one, here is some basic info.

First of all, networks for companies today are getting more and more complicated all the time. Not only are they getting larger, but the tasks they are being asked to do is becoming more complex (VOIPs, social networking, etc).

Basically, what this means for your network is that your network is likely being taxed to the max with the everyday activities of your employees.

The problem is that each network is reliant on 1000s of different applications working well at the same time. If even a single one is not operating (or its’ performance is hindered) the entire network can be in jeopardy.

So that is where an IDS and network management system come into play. They are designed to ensure the network keeps operating well, and to spot attacks on it that would prevent it from running.
» Read more: Intrusion Detection System – How It Works

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