For full terms and conditions, click here.
Entries close 31 March 2021.
Employers liability insurance is required by law for most businesses. It provides financial protection to cover compensation awards for injury or damage suffered by an employee, volunteer or freelance worker.
Just as importantly, it provides you with the peace of mind that you’re protected in the event that anything happens to someone working for you – and reassures your staff that you take their safety and welfare seriously.
Employers’ Liability Insurance is there to protect your business should something happen to your employees.
Whether you have just a single employee, a growing team, volunteers, interns, contracted or freelance workers, employers’ liability insurance is essential. It’s also a legal requirement for most companies that employ staff – regardless of size. You can be fined up to £2500 per day if you don’t have the right liability insurance in place.
As an employer, you are responsible for the health and safety of anyone working for you. If an accident occurs or an individual suffers an illness that they believe is your fault, they may look to claim compensation from your business.
The legal minimum requirement for cover is typically £5 million – but most insurers will offer up to £10 million. Compensation claims can be very high and the risk to your company will depend on its size and nature of business. The policy can cover the cost of not only any compensation payments but also the cost of the claim and legal expenses incurred.
Employers’ liability is most likely to be needed if:
Once you have taken out employers’ liability insurance, you will receive a policy certificate which must be displayed in your workplace and visible to employees.
Employers’ liability insurance is compulsory for most businesses with employees. The Employers’ Liability Act of 1969 made employers’ liability insurance compulsory in the UK for the majority of companies.
Employers’ liability insurance can usually provide up to £10 million to cover the cost of compensation claims and legal fees. This can include claims from former employees as well as those currently working for you.
Employers’ liability insurance needs to cover anyone who works for you. This is not necessarily someone that is paid by you but includes anyone who is under a contract of service. This means including volunteers or anyone under your temporary control such as season staff, labour only sub-contractors, students or work placements and seasonal staff.
If you need employers’ liability insurance, it’s likely you’ll need other insurance solutions to protect your business.
From start-ups to companies with a global presence, we will tailor an insurance package to suit your needs.
Our approach is to get to know you and your business and help you identify your specific insurance risks. We’ll assess and then provide solutions to meet your requirements. We’re here to help as your business grows and changes and adapt your cover accordingly.
We like to talk to our clients in whichever way suits you – whether it be face to face, via web-meeting or on the telephone.
To find out how we can help your business, speak to our friendly team of experts.