Employers' Liability Insurance

Employers' Liability Insurance

Employers liability insurance is typically something that you need to make sure you have if you are a company that employs people. This is something that has been compulsory in the United Kingdom since 1969, and businesses need to have a minimum of £5 million worth of cover from an authorised insurer. In reality, most companies give £10m as standard.

What Is Employers' Liability Insurance?

Simply put, employers liability insurance will help you pay compensation if an employee is injured or becomes ill because of the work they do for you.

Why You Need It

Well, aside it being the law for all employers, you could be facing a fine of up to £2,500 per day if you don’t have this insurance. You can also be fined £1,000 if you do not display your employers’ liability certificate or refuse to make it available to inspectors when they ask for it. is. No employer wants an employee to get sick or injured during work, but accidents do happen, and employers have a duty of care to their employees. Protect your employees and protect your business.

RECENT POSTs

FCA Outlines New Rules To Improve The Insurance Market And Lower Prices

by Niraj Mamtora • 2 June 2021
At Forum Insurance we know that if we look after our clients, our clients will look after us. With over 30 years of experience we ensure our clients have the correct covers tailored to protect themselves and their business. We use our extensive access to the wider insurance market to find the best cover at the best price. We are pleased to see the Financial Conduct Authority (FCA) announce that from January 2022 home and motor insurance policies renewals will be offered the same price as new customers. Sheldon Mills, Executive Director, Consumers and Competition at the FCA commented; “These measures will put an end to the very high prices paid by many loyal customers. Consumers can still benefit from shopping around or negotiating with their current provider – but won’t be charged more at renewal just for being an existing customer.” Click here to read the full press release. This is already a part of our renewal process; as we approach the insurance market and search for the best cover and price for each policy. This is one of our key reasons we have a 4.8 out of 5 star rating online . The new rule set by the FCA will improve genuine competition within the insurance market, as firms will no longer be able to offer below-cost prices to attract new customers. This predatory pricing practice harms consumers long term by increasing insurance premiums for everyone. We look forward to seeing the FCA’s next steps and welcome any changes that improve the insurance market for our clients. Want to experience how we put our clients first? Call us on 0208 909 2899 and get a same day quote.
Show More
Share by: