Insurance, risk management and loss control

This chapter outlines the types of insurances required by law, plus several optional covers that may be of interest to business owners. It also contains advice on implementing risk management procedures to prevent accidents.

Updates for 2024:

  • Green card.

  • Employers' liability insurance.

  • Managing work-related road safety.

  • Dealing with staged accidents.

 

Download the insurance, risk management and loss control chapter of the Yearbook

Contents:

  • General insurance regulation.

  • Taxation.

  • Insurance issues.

  • Compulsory insurances.

  • Vehicle insurance.

  • Employers’ liability insurance.

  • Non-compulsory insurances.

  • Non-compulsory insurances – other covers.

  • Managing work-related road safety.

  • Fleet risk management.

  • The Corporate Manslaughter and Corporate Homicide Act 2007.

  • Dealing with staged accidents.

More information

A Guide to the Corporate Manslaughter and Corporate Homicide Act 2007

 

Download the insurance, risk management and loss control chapter of the Yearbook

Risk management

Summarising the legal obligations with respect to insurance, placed on employers and on the operators of motor vehicles. Also providing an outline of the range and variety of insurance covers available, including risk management and loss control. Looking at general and compulsory insurances required, other non-compulsory insurance. Risk management, this term may still mean little more than driver training and claims analysis. Whilst those can be helpful steps along the path of risk improvement, arguably such measures fail to fully recognise and address some key issues that can have a catastrophic impact on the wellbeing of not simply truck drivers but various key stakeholders including other road users – and insurers.