Employers liability insurance

Compare employers liability insurance quotes

When you compare employers liability insurance quotes you are not combining both your employers and public liability insurance in one go. This will save you money in the long run, and saves you the time and money it takes to set up two separate policies.

Those who are setting up a new business must compare employers liability insurance quotes as having the cover is a requirement of UK law for any business with employees.

The insurance policy will cover the cost of paying any damages and costs awarded to an employee who makes a claim against you as a result of illness, injury or disease sustained as a result of working for you.

How do I know if I need to compare employers liability insurance quotes?

You will have to compare employers liability insurance quotes if your employees are under a contract of service, or if you deduct income tax and national insurance from the money you pay them, if you manage when how and where they work or if they cannot employ a substitute when they are unable to work.

The value of policies varies from insurer to insurer and it’s important to make sure you have the right value for the staff you employ. Many policies will have a cover limit of around £10million, which sounds like a lot, but some of the worst accidents can leave payouts of several million, and if you employ staff on an oil rig for instance, one accident can affect multiple employees, and lead to a huge combined payout that your insurance policy may not cover.

In the employers liability (compulsory insurance) act of 1969 it explains that most employers are responsible for the health and safety of their employees at work, and this is why this insurance is so important. One exception is injuries as a result of a motor accident, which will be covered by the car insurance involved.

You only need compulsory insurance for employees working in Britain, although different countries may have their own rules so be sure to research these thoroughly.