Employers' Liability Insurance: Protecting Your Employees, Protecting Your Business
If your business has employees – be they full-time, part-time, work for you on a temporary, contract or casual basis - then you need to have employers' liability insurance in place: it's the law.
Employers' liability – also known as EL insurance – is a legal requirement for any business that has employees and is there to protect you in the event of them filing a compensation claim against you for injury, illness or loss of property arising from their work. Compensation claims can be expensive to fight and can result in crippling compensation pay outs, so it's essential that you have this protection in place as part of your wider liability insurance package, especially as failure to have cover can lead to a £2500 fine for every day it is not in place.
Does Your Business Need Employers' Liability Insurance Cover?
If you have any employees, then yes; it's the law to have it in place. The type of cover you need will depend on the number of employees you have, the type of business you are running and the level of risk that is associated with. For example, it is generally going to be considered riskier if you're running a tree surgery business as opposed to an office-based business. To get the right level of EL insurance talk to your local Coversure office. They'll be able to give you some independent advice as well as providing you with a great value employers' liability insurance quote.