Employers’ liability insurance has you covered if anything happens to your employees as a result of the work they do for you. We offer employers’ liability insurance in conjunction with our public liability cover. Employers’ liability insurance gives you reassurance as a small business owner and lets staff know you’re serious about their welfare.
What is employers’ liability insurance?
Employers’ liability insurance is a legal requirement for most businesses in the UK with employees. It protects you against the cost of compensation claims in the event of an employee injury or work-related illness. Businesses without the right employers’ liability cover in place could risk receiving fines if legally required.
As an employer, you are responsible for the health and safety of your employees while they are at work. If an employee suffers an injury or falls ill as a result of working for your business, you could be held liable.
There are several circumstances you might need liability cover for. The situation could be as simple as an injury caused by slipping on a wet floor, or an employee contracting an illness because of factors you were unaware of.
Of course, you do all you can to prevent accidents from happening. But, in the event they do, an employers’ liability policy helps your business to stay on track by covering the legal and compensation expenses arising from a claim.
When should I get employers’ liability insurance?
You might need take out employers’ liability insurance as soon as you take on your first member of staff – even if they are a volunteer or labour-only subcontractor. If you run a limited company and employ anyone, in any capacity, it may be a legal requirement for businesses of all sizes.
Even as sole trader or freelance individual, you may need to hire staff to assist with workload as your empire grows.
This could apply whether your employees are full-time, part-time or working on a temporary basis. Get a quote to protect your business and be reassured that you’re in expert hands.
How much employers’ liability cover will I need?
How much employers’ liability cover you need will depend on how many employees you have, as well as the size and nature of your business. Working out how much cover you require also means understanding what you might be liable for – at Lloyd & Co Insurance Services we’ll work with you to get to the bottom of this.
It’s not just employees and contractors you might need to consider, it’s anyone working for you in any capacity – trainees, apprentices, even just a friend helping at the weekend. No matter whether you’re a small business owner or a sole trader, if you have people doing work for you and they become ill or injured because of it, you’d be liable.
The legal requirement for cover is £5 million but we offer to cover you up to £10 million to make sure your bottom line is protected.
What’s included in your employers’ liability cover?
An employers’ liability insurance policy includes legal and compensation costs. Once you have your cover in place, you’ll be protected for claims made against you, up to £10 million, depending on the policy you put in place for your circumstances.
An employers’ liability policy will help to safeguard your business against unforeseen circumstances.
The policy provides cover if:
- Someone works for you over several years and claims that their job caused repetitive strain injury (RSI)
- An employee makes a claim after leaving the business and you were insured with us at the time of the alleged accident
- Someone works for you for a day and gets injured leaving the building
- Stock isn’t stored safely and someone is hurt when a pile of boxes falls over
- An employee starts to lose their hearing due to long-term exposure to noisy machinery