The ABI today launched an initiative aimed at making it easier for small businesses with good health and safety standards to obtain employers' liability (EL) cover.
The initiative, Making the Market Work, works by assessing trade associations' health and safety schemes.
Under the scheme, trade associations or other similar bodies can submit details of their health and safety schemes to the ABI for assessment against best practice features insurers expect to see in place.
The ABI will report back to the trade association with a specific assessment of the scheme with any suggested improvements.
Details of the assessment will be sent by the ABI to all its members writing EL insurance. Insurers will take into account this information when assessing the risk from firms who belong to the particular trade association's health and safety scheme.
ABI head of general insurance John Parker said: "Everyone will benefit through a better flow of information. Businesses will understand the health and safety practices insurers are looking for, while insurers will be able to reflect good health and safety practice in business is properly recognised."
