Cheap Employers Liability (EL) Insurance

Employers’ liability insurance protects your business against the costs of claims made by employees who develop an illness or suffer an injury due to their work. It covers compensation fees your business must make if a claim is successful, and legal expenses associated with defending your business in court.

Some policies may offer additional cover like personal accident or professional indemnity insurance, so always check your policy documents to make sure you understand your level of protection.

If you employ one or more people or are a limited company with multiple directors, you are legally required to have employers’ liability insurance. Failing to have it can result in a daily fine of £2,500.

EL insurance is essential to protect you against financial losses, and can even provide protection against claims brought forward by former employees, or if your business has ceased operations.

Of course, you should always talk to insurers and check the details of a policy to make sure you know what you’re covered for.

Do I need to get employers liability insurance?
The website states that you need to get EL insurance “as soon as you become an employer - your policy must cover you for at least £5 million and come from an authorised insurer.” This is whether you employ full-time, part-time, or temporary staff.

You’ll know you need employers' liability insurance if:

  • You deduct National Insurance and income tax from wages
  • You provide the equipment and materials for work
  • You control when, where, and how employees work
  • You claim any profit made by your employees
  • Employees can't find a substitute if they're unable to work
  • Employees do the same work under the same conditions as others

Your business might be exempt from needing employers' liability insurance if:

  • You’re self-employed or have equal business partners with no other employees.
  • Your staff are closely related to you, including spouses, children, parents, and step-family members.
  • You only employ people who are based abroad and not usually resident in the UK.
  • Public organisations, health services, and government bodies might also be exempt from requiring employers' liability insurance.

Always make sure your business qualifies for these exemptions - if you're found without EL insurance but you legally require it, you'll be heavily fined.

Our quote service is designed to save you time and money, making it simple to find the right cover for your needs. With many well-known insurers available, you can choose the best policy quickly and easily. Get insured today to safeguard your business and employees.

Just some of the great employers liability insurance brands included

GSI (1) Insync (1) COMPARE MY INSURANCE Howden Bewiser

Factors Affecting the Cost of Employers' Liability Insurance

The cost of employers' liability insurance depends on the specific needs of your business. Here are the main factors that influence the cost:

  • More employees mean higher premiums because the risk of claims increases.
  • High-risk environments lead to higher premiums due to increased claim likelihood.
  • The minimum required coverage is £5 million, but higher amounts will raise premiums.
  • Choosing a higher excess can reduce premiums, but ensure you can afford it if a claim arises.
  • Negotiate with insurers and compare multiple quotes to get the best price.

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