Employers liability insurance
Who it’s for
Most businesses will require some level of liability insurance. The main liability insurance that is required by law is employers liability insurance.
Any business, whether a sole trader, partnership or limited company, that has employees, must have valid employers liability insurance in force.
Charities, limited liability partnerships and all other types of commercial or charitable venture also need this cover. Even if you only have volunteers, you will need to arrange cover.
Why it’s important - examples
Employers liability insurance covers employees against injury, illness or disease caused during the course of their employment. The legal minimum limit of indemnity any one claim is £5,000,000.
Most UK commercial insurance companies provide a limit of indemnity of £10,000,000.
The cover is governed by the Employers Liability Act 1969, with numerous revisions.
The upshot is, if you do not have cover and an employee is injured you could face a substantial cost. It is very difficult to defend yourself with contributory negligence. What this means is, if you say the employee was at fault. Even if the employee it fault, the quantum, or amount of claim may only be reduced by 10 or 15%.
In addition, you can also be fined up to £2,500 per day that you do not have this cover in force.
How businessinsure can help
As a business insurance broker, we do the searching for you.
You give us your details and we then scour the market to search for a combined liability insurance quote.
Employers liability is not available in isolation, the cover is always combined with public and/or products liability insurance. For this reason, we look for a combined quote.
More information
Employers liability is available for all types of business or trade. We are unable to cover certain, high risk, trades, such as scaffolders. EL insurance, for short, is not avaialable on its own, only as part of a combined liability insurance or business liability insurance package.
Where we are unable to provide you with a quote we will always try an point you towards a broker that specialises in your trade.
The UK government, over the years, has sought to put in protection for employees. One of the many ways this is done is through employers liability insurance. UK plc does not want employees being injured at work, with the business being negligent, and not receiving any recompense.
For this reason, employers liability is one of the few commercial insurance covers that you cannot apply to many exclusions to. For example, most clerical businesses have automatic cover for the staff working anywhere in the world, without restriction.
When you get an employers liability insurance quote, you are by law to receive a key facts or summary of cover. This document will contain details of any restrictions or exclusions that do apply.
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Quoteline: 08456 024 589
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