How Much Employers Liability Insurance?

18/06/2013 -- Mary Simpson
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It depends on the size and nature of your business, and the risks to health and safety involved.

The legal minimum is £5 million to cover employee claims for bodily injury, illness, disease and death caused through work.

Most insurers offer cover of at least £10 million.

The 1969 Employers' Liability Act (Compulsory Insurance) Act of 1969 brought in the legal requirement for Employers' Liability insurance from 1972.

All employers must display a certificate of employers' liability wherever employed persons are covered by the policy.

How can I reduce Employers' Liability claims and costs?

Whether you’re a small plumbing firm with one apprentice or building contractor with 10 or more manual employees plus a clerical worker, your no. 1 priority should be to actively reduce and manage the risks attached to your business.

Good risk management and sound health and safety procedures are the key to cheaper premiums.

No-claims discounts of more than 10% are available from some insurers.

Businesses that can't get employers' liability insurance cover because of a poor claims history or a pattern of costly claims are faced with two stark options - either continue to trade illegally without insurance, or close down.

Failure to have employers liability insurance could mean a fine of £2,500 for every day you operate without it, and even imprisonment.