Employers’ liability insurance is vital – and compulsory.
As a business you do your best to limit the possibility of injury or illness to your employees resulting from their work, but if they do have an accident or become ill, your business could be sued for compensation under your employers’ liability insurance. As a result, businesses in the UK that employ staff are legally obliged to have employers’ liability insurance to provide cover against a claim from an employee.
Why have employers’ liability insurance?
In most cases if you have employees, employers’ liability insurance with cover of at least £5 million is a legal requirement. You could be fined if you are not covered.
Easy access to ‘no win no fee’ legal services which encourage employees to claim compensation may increase the likelihood of a business experiencing an employers’ liability claim if they suffer an accident for illness which they think has been caused as a direct result of their work.
Your employers’ liability could be triggered even if the employee is a voluntary helper or is self-employed but working under your supervision.
The legal and compensation costs of defending your business against an employers’ liability claim could significantly damage your business. Even the most trivial accident such as tripping over a computer cable at work could trigger an employers’ liability claim from an employee. Dickson & Co can insure your business against unforeseen legal and compensation costs.
For more information on our insurance products contact any of our branches or see below to get quote for business insurance tailored to suit your needs