Employers are responsible for their employee’s health and safety whist in the work place. Employer’s liability insurance is therefore required by most employers, so that they can insure against liability for injury and disease which has been caused in the work place.
Employer’s liability insurance is a legal requirement, under the Employer’s Liability (compulsory Insurance) Act, and is a compulsory requirement in the UK.
Employer’s liability Insurance allows employers to be able to meet the cost of employees claiming compensation for an injury sustained at work. Bodily injuries or property damage can be covered by Employers Liability Insurance, as long as this has been directly or indirectly affected by the actions of the employer. Most large companies insure employees for between 5 – 10 million pounds, and employers must make sure they are insured with a suitable provider.
An employer must insure an employee if the employee pays national insurance and income tax. An employee must also be covered if the employer is in control of the work they do and supplies the work materials and equipment to the job they do.
Employer’s liability Insurance must be held by all employers, with only a few exceptions. One exception being if the owner of the company is an employee themselves, with a least a 50% share in the business. The employer must also inform employees of the insurance, displaying their Employers liability insurance certificate in the work place. If an employer does not have employer’s liability insurance they can be fined for up to £2,500 per day whilst without insurance.
The insurer must pay the full amount of compensation agreed between you and your employer. If you have been injured in the work place, and it wasn’t your fault you may be able to claim for compensation. Call our injury specialist on our free helpline 0800 634 75 75 now.
