Lloyds TSB Insurance warns of pitfalls for Britain’s home
based workforce
Released
on: May 15, 2008, 6:58 am
Press
Release Author: Lloyds
TSB Insurance
Industry:
Financial
Press
Release Summary: Lloyds TSB Insurance warn Britain’s growing
home-based workforce in advance of National Working From Home
Day
Press
Release Body: As the UK prepares for National Working
At Home Day, Lloyds TSB Insurance is warning Britain’s
growing home-based workforce to avoid the pitfalls of not having
adequate insurance cover.
The
latest figures from the Office for National Statistics show a
growing trend in the number of people working from home, with
over three million or 11% of the nation’s workforce, based
from home. Over 60% of these are self-employed home workers, indicating
a strong rise in the number of home-based start-ups.*
Phil
Loney, Managing Director of Lloyds
TSB Insurance, commented, “National
Working At Home Day is a great initiative that supports
the benefits of home working, but it also comes as a timely reminder
to those either working from home on behalf of a company or small
business owners based from home to ensure they have the right
kind of insurance
cover."
He
continued, “Home-based businesses are growing at a rapid
rate, so it is increasingly important that small business owners
have a clear understanding of what they should be covered for
and the type of insurance that they need”.
The
leading insurance
provider also extended its warning to those working from home
for office-based SMEs.
Loney
advised, “If workers are unsure of their policy, they
should check with their insurance company. A regular home insurance
policy may not cover for various work materials and computers."
He
concluded, “One of the major benefits of working from
home is saving time in your day that would normally be spent traveling
to work, so employers should take advantage of Working
At Home Day and use the extra time in their day to ensure
they have adequate cover.”
*
Labour Market Trends October 2005, published by UK National Statistics
About Lloyds TSB Insurance
Lloyds TSB Insurance Services Limited registered
in England No 968407, 25 Gresham Street London EC2V 7HN and is
authorised and regulated by the Financial Services Authority.
Web
Site: http://www.insurance.lloydstsb.com/
Contact
Details: Lloyds TSB Insurance PR Contact
Mitchell Gadd
Freshwater
Raglan House
Cardiff Gate Business Park
Cardiff
CF23 8RA
02920 545370
2008
