Employers Liability
Employer’s liability insurance is the coverage businesses offer to their employees if they get injured working for a company. It applies to employees who are no longer working for you. Under the Employers Liability Act 1969, the employer’s liability insurance has been made a regulatory requirement for all businesses in the UK.
As a responsible business, you, the employer, are responsible for the health and safety of your employees. If an employee falls ill or gets injured while working for you, he/she may make a claim against your business, and you are liable to compensate under this insurance.
What does it cover?
Employer’s liability Insurance covers the following:
- Legal costs, including debt recovery and contract disputes
- Compensation
- Damages caused by the employer
- Damages incurred to a third party
- Accidental injury
Who should get it?
Cost of Insurance
The law binds the businesses to at least £5 million’s worth of coverage. The premium varies for every business depending on other factors such as:
- Size of business
- Type of business – if it involves risk, the cost is higher
- The number of employees, etc.
