Employers Liability Insurance
Employers’ Liability Insurance protects employers against claims made by employees who suffer an injury or illness as a result of their work. Whether it’s an accident in the workplace or a condition that develops over time due to their job, this cover can help pay compensation, legal defence costs and associated expenses if your business is found legally responsible.
In most cases, it is a legal requirement under the Employers’ Liability (Compulsory Insurance) Act 1969 for businesses that employ staff. Failure to have the appropriate cover in place could result in significant fines, making it an essential policy for many UK businesses.
At Goldstone Broking Group, we arrange tailored insurance policies for businesses of all sizes across a wide range of industries. We’ll take the time to understand your business and recommend cover that helps you meet your needs.
Who needs Employers’ Liability Insurance?
If you employ anyone, even part-time or temporary staff, it’s worth checking whether Employers’ Liability Insurance is legally required for your business.
- Small businesses
- Contractors
- Retail businesses
- Hospitality businesses
- Full & Part time employees
- Self-employed contractors you hire
- People undertaking training or work experience
- Temporary staff and volunteers
The cost of remuneration to an employee can be high, therefore the minimum legal requirement is £5 Million of cover. Fortunately Employers Liability insurance is generally fairly cheap compared to other policies, however it is crucial to ensure you have the appropriate level of cover for your companies type and size. There are exceptions for when you do not require cover such as:
Knowing whether these exemptions apply to your business isn’t always straightforward. Rather than taking the risk, speak to Goldstone Broking Group. We’ll assess your circumstances, explain your legal obligations and help you arrange the appropriate cover, ensuring your business remains protected and compliant with UK legislation.
