Introduction
This modern slavery and human trafficking statement (“statement”) is made pursuant to section 54 of the Modern Slavery Act 2015. It applies to One Business Cover Ltd (referred to as “our”, “we” or “us”). This statement is in respect of the financial year ending 31 May 2024 and outlines the steps that we have taken and continue to take to ensure that modern slavery and human trafficking are not taking place within any part of our business or in any of our supply chains.
Our ethics
We are committed to implementing effective systems and controls to ensure neither slavery nor human trafficking occur within any part of our business or in any of our supply chains.
Our leadership sets the tone for our distinct culture and senior level accountability ensures commitment to do what is right for our customers and the communities that we operate in.
Our business
The services we offer encompass underwriting services to General Insurance Brokers across the UK and operate as an MGA (Managing General Agent) for various Insurers.
Our supply chain
We seek to promote best practices, and formal policies are in place that establish a governance and control framework for suppliers. This framework includes thorough supplier selection assessments, transparent terms, and continuous monitoring and engagement. We employ external service providers for maintenance and support of our offices, including cleaning and technical support services for office infrastructure and IT.
Our policies and governance
We are committed to upholding the highest standards of moral, professional, and ethical behaviour. We prioritise acting with integrity and transparency in all our business relationships. We therefore expect our supplier network and those involved in procurement for the Companies to comply with our own Standards of Business..
We have various processes aimed at minimising the risk of modern slavery and human trafficking. These measures also encourage the reporting of any concerns related to these issues. Some of these processes include:
- A Modern Slavery Policy, which outlines the expected behaviours for all employees and provides guidance on the reporting procedure and obligations.
- integrate processes into their operations, including ethical practices, environmental sustainability, social responsibility, and effective governance.
- Supplier Code of Conduct, which outlines our expectations for suppliers in terms of ethical conduct, human rights, labour practices, and environmental stewardship. By adhering to these principles, we aim to foster a responsible a sustainable supply chain.
- A Whistleblowing Policy, that ensures all employees are aware of how to raise concerns about the treatment of colleagues or any practices within our business or supply chain, without fear of reprisal. There have been no reported incidents related to suspected modern slavery or human trafficking activity including via our whistleblowing process since the date of our 2023 statement.
- Recruitment Polices that, amongst other things, mitigate against the use of external agencies that do not adequately safeguard individuals offered for roles. Important elements include robust Right to Work checks, as well as background and criminal records checks.
We incorporate a requirement for compliance with modern slavery legislation into our standard terms of business with our brokers and suppliers.