Keeping your business compliant
Employers’ liability insurance is a legal requirement for most businesses employing one or more staff, including voluntary organisations. There are exceptions e.g. family businesses where staff are closely related and the public sector.
It protects against compensation claims arising from:
- injuries or illnesses suffered by employees at work where the cause can be directly attributed to their employer
Employers’ liability insurance meets the unforeseen legal and compensation costs of incidents as trivial as tripping over an unprotected cable, or worse. The minimum level of cover by law is £5 million but can extend up to £10 million.
Why you must have it:
- Required to meet current Health & Safety Executive legislation – non-compliance will result in a fine of up to £2,500 for each day that appropriate insurance is not in place.
- Provides peace-of-mind financial protection for your company and your employees
- Pays up even if the claim against you is found to be false
Key phrase: Employers liability