If you employ one or more people, it is a legal requirement for you to have a minimum of £5m employers liability insurance cover. If you employ staff and don’t take out employers liability insurance, you risk a £2,500 fine for each day you do not have it.
Employers liability insurance will cover claims from individuals who’ve been injured or become seriously ill as a result of working for you. The mixture of clerical and manual staff will affect employers liability insurance. This includes employees, contractors, casual workers or temporary staff, although not immediate members of your family who work for you.
Good health and safety practices are a great first defence, reducing the chance of accidents and illness. So make sure you know the regulations for your industry and carry out regular risk assessments with your employees to help reduce your risk.
Remember, some illnesses take time to manifest and show symptoms. So it’s possible that a former employee may claim compensation, perhaps a long time after they’ve stopped working for you. Employers’ liability insurance can cover this, but you must keep on file all documentation related to your insurance, even if it’s expired.
Main policy features *
- Injury or illness covered up to £10m for any one event including costs
- Injury or illness resulting from terrorism covered up to £5m for any one event including costs
- Cover for self-employed persons, voluntary workers, work experience and training scheme persons
- Cover can be considered for UK-based employees on a worldwide basis, for temporary visits.
Typical exclusions include:
- Bodily injury to any employee carried in or on a vehicle whilst being used on a road, terrorism and asbestos.
* This information is a general guide only. Adler Fairways will assess your requirements and recommend a bespoke range of insurance solutions to meet your needs. As part of the quotation process, we will provide full details of the specific coverage, benefits, limits, premiums, exclusions, excesses payable, and any other policy conditions that would apply to the insurance we recommend for you. We currently only offer cover to businesses registered in England, Scotland, Wales, Northern Ireland, the Channel Islands and the Isle of Man.