Employers Liability Insurance (EL)

This is a legal requirement for most employers. The Employers Liability (Compulsory Insurance) Act 1969 set out a minimum level of Employers Liability required currently at £5,000,000 (although most insurers offer £10,000,000 as standard cover).

What is Employers Liability Insurance and why do you need it?

As an employer you are responsible for the welfare of your employees when they are at work, either at your premises or working on your behalf away from your premises.

The Health and Safety Executive (HSE) has specific requirements that employers must meet, irrespective of insurance policies, however, the employers liability insurance policy will enable companies and businesses to pay compensation to any of those employees who may suffer injuries or illness on or off the premises and could be considered a fault of your organisation.

It is important to stress that if you employ staff you must make them aware that you hold a current Employers Liability Certificate and that it is displayed in your offices or available to look at electronically. If you do not have an Employers Liability Insurance Certificate and employ staff you could face a fine of up to £2,500 a day for not doing so. It is therefore pretty critical to check with your insurance broker if this applies to your business.

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