As your business starts to grow the natural progression is to hire employees, but this comes with added risk. Employers’ liability covers compensation costs and legal fees for claims made in respect of injury, illness or harm caused to your employees whilst working for your business where it is alleged the business or an individual at the business has been negligent.
Why do you need employers' liability insurance?
Employers’ liability is a must have insurance. It is a legal requirement to hold employers’ liability cover for any business with employees who are paid, voluntary or temporary. When employing staff, you have a legal obligation to ensure their health and safety is cared for. As employers you put many processes in place to ensure this happens but, despite trying to prevent accidents from happening, they can occur, with your business being held liable for the incident.
Employers’ liability often comes combined with public liability to ensure that there are no gaps in cover. Additionally, having the right level of cover can help you when agreeing contract terms with suppliers and customers. Therefore, it is imperative you take the right advice to ensure that you can sleep soundly, knowing that your business is fully protected.
We recommend talking to one of our experienced advisors who will take time to understand your business and find the right cover for you.
“Thank you so very much for this [and] for providing such a professional service.”
We thought that we had exhausted all options for our type of business. They completely understood the field we operated in and provided us with new options – and then shopped around for us to get a better price.
I like that you can put together a small package suitable for us as a start-up and that this can easily be adapted as our needs develop without breaking the bank on the way.
We’re here to help you ask the right questions, so that together, we can work on the best outcomes for you, your business and your people.
The minimum level of cover required by law is GBP 5 million however most Employers Liability policies start at GBP 10 million.
Cost depends on many factors but the 3 key rating factors are Headcount, Wageroll and Industry/Occupation