Broker Network Limited: Modern Slavery Act Statement
This statement has been published in accordance with the Modern Slavery Act 2015 and is made by Broker Network Limited and its subsidiaries, as a statement of best practice.
The Modern Slavery Act 2015 (the “Act”) is a UK law that came into force in 2015. The Act requires commercial organisations with an annual turnover of more than £36 million to publish a slavery and human trafficking statement for each financial year. As the UK’s largest independent broking network, Broker Network Limited (‘BNL’) is fully supportive of the Act, and as required by the Act this statement sets out the steps that BNL has taken during 2017 to combat slavery and human trafficking in our business.
Broker Network Limited is the UK’s largest network of independent insurance brokers, offering a range of services, products and specialist expertise, aligning to their business needs. We have over 600 Network Members and over 150 staff; more information about our business can be found at: https://www.brokernetwork.co.uk/about/
Our supply chains
Our supply chains include business partners in the provision of insurance services, such as insurance companies, brokers and distributors; and also providers of other services necessary to run our business effectively, such as IT, payroll, and facilities.
We recognise the right of each employee to freedom of association, including the right to join trade unions. We ensure that we do not employ people who are underage or who do not have the right to work in the UK.
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, our Executive team has been made aware of the provisions and requirements of the Act. Training is not yet provided to all staff; however we envisage providing training on the Act to staff involved in purchasing and entering into contractual arrangements on behalf of Broker Network Limited.
In the future we will question potential third party suppliers of services to Broker Network Limited on their compliance with the Act as part of our procurement process. We also intend to develop and update our outsourcing and key supplier business standards to include reference to the Act, and ensure supplier compliance.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our slavery and human trafficking statement for the financial year ending 31 March 2018.
The board of directors of Broker Network Limited approved this statement on 21st December 2017.