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 GOV.uk 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:
Your business might be exempt from needing employers' liability insurance if:
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.
The cost of employers' liability insurance depends on the specific needs of your business. Here are the main factors that influence the cost:
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