Employers liability Insurance Comparison

Employers Liability Insurance

What is employers liability insurance in the UK?

Employers liability insurance is a form of employers liability insurance for employers against liability claims made by employees.

What does employers liability insurance cover?

These claims can arise as a result of injury, illness or damages to employees as a result of their work. In many cases, employers will be required to have some form of employer liability insurance when employing other people in the UK. Employers insurance can also cover the medical costs associated with claims made against your company by employees as a result of illness or injury. Taking out employers liability insurance will also protect you against the costs associated with defending your business from these claims.

How much is employers liability insurance?

As with many insurance products, the exact price of your employers liability insurance will depend on many differing factors. These could include the number of employees in your company, the nature of your business operations and any historic claims you may have made. Due to this it is difficult to give a price range for employers liability insurance without taking out a quote. The best way of finding the cheapest employer liability insurance is to compare multiple lenders in order to ensure you are getting the best deals possible.

Who needs employers liability insurance?

If you employ others for full-time, part-time, casual or self-employed work, you will usually be required by law to take out employers liability insurance to protect your employees. Unfortunately accidents happen, if an employee is hurt and holds work liable for their injuries they may pursue compensation. Having cover in place can protect your business from the associated costs of these claims as well as defending against them if you wish.

You should always independently verify that you have the correct level of coverage in place so as to not run into fines and legal issues should an incident occur.

When is employers liability insurance required?

If you are legally employing others in the UK then you will typically be required to have some form of coverage in place, this is to ensure employees can be compensated in the event of an accident.

How much employers liability insurance do I need?

The amount of coverage you need will largely be dependent on the nature of your business and its size. It it usually recommended that a business take out at least 1 million pounds worth of employers liability insurance, however this may increase if you are running a large business. A good way to be sure over the amount of liability cover your business will need is to consult an insurance broker or agent to confirm.

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