Modern Slavery Act & Human Trafficking Statement

This statement is made on behalf of PHL Insurance Brokers Limited (PHLIB), and constitutes PHLIB’s slavery and human trafficking statement pursuant to Section 54(1) of the Modern Slavery Act 2015 (the Act).

PHLIB has and will continue to maintain zero tolerance for modern slavery and human trafficking. 

About PHLIB

PHLIB offers specialist commercial insurance and reinsurance products to businesses of all sizes for domestic, international and global exposures.

Business and supply chains

PHLIB’s supply chains include third party information technology service providers, insurance claims-related services, insurance brokers, facilities management, and consultancy and professional firms specialising in such services as auditing, marketing, and legal and human resources.

PHLIB sources its core (re)insurance business predominantly through insurance intermediaries, the vast majority of which are regulated entities. It also deals directly with commercial insurance customers.

Policies on slavery and human trafficking

PHLIB’s statement on modern slavery and human trafficking (the Statement) reflects its commitment to acting ethically and with integrity in all its business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place in its supply chain.

PHLIB requires all employees, officers and directors to comply with a Code of Professional Conduct which outlines its commitment to ethics, integrity and proper business conduct. This is reinforced by complimentary policies and procedures including Anti-Bribery, Conflicts of Interest and Whistleblowing, which encourage employees to report concerns about any conduct they consider to be inappropriate, illegal, unethical or fraudulent.

Due diligence processes

PHLIB’s suppliers are procured in accordance with internal procurement requirements, which are designed to ensure that PHLIB enters into supplier arrangements with appropriate levels of review, approval and continued oversight.

Suppliers or brokers wishing to do business with PHLIB are required to enter into written terms of business agreements which stipulate the obligations of each party, including compliance with the Statement.  

Engagement

PHLIB’s directors have been briefed on the requirements of the Act. To ensure a high level of understanding of the risks of modern slavery and human trafficking in PHLIB’s business and supply chain, brokers, all staff are appropriately trained. All employees at induction and at periodic points during their employment undertake relevant training, including in relation to Business Ethics and Whistleblowing. 

Ongoing commitment

PHLIB will continue to evaluate the effectiveness of its policies and procedures in light of the Act in order to monitor and manage the risk of slavery and human trafficking in its business and supply chain.