News

Why You MUST Have Employers’ Liability Insurance Or Face a Fine

Employers’ liability insurance is not just a ‘nice to have’ for your business. What many company owners don’t realise is that it is a MUST have, as soon as you employ any staff.

The Health and Safety Executive (HSE) has issued a warning to businesses, reinforcing that they will face fines if they’re found to be without this essential piece of protection in place.

The warning comes after a vehicle repair company was fined £726 in Birmingham Magistrates’ Court, when they could not produce proof of insurance during a HSE inspection.

What Is Employers’ Liability Insurance

Employers’ liability insurance protects business owners against the cost of claims raised by employees who are injured or become ill in or because of work.

For example, if a personal assistant sustains an injury after tripping over a cable, they could raise a compensation claim against the company. A judge could order the employer to pay a large compensation amount, which when added to legal fees, could be a substantial sum. With Employers’ Liability Insurance, all costs would be covered (excluding the policy excess).

It is a legal requirement that you have adequate coverage as soon as you employ one or more than one person. Your cover must be for £5 million or over. If you’re found to be without a valid policy, HSE could levy a fine of up to £2,500 per day.

Call ABL Group on 028 9099 3600, or email info@ablinsurance.co.uk to learn more about employer’s liability insurance and to receive a free, no obligation quote.

Corporate

Large businesses have very specific insurance needs. Our Corporate team have the experience and expertise to advise you properly

Commercial

Your business needs your attention 100% - let our Commercial team find the right insurance solution at the right price and let you get on with what you do best

Motor Trade

Our experienced Motor Trade team looks after a huge variety of motor trade operations and deal with the widest range of insurance companies in this specialised market

Personal

Personal insurance can be very complex. Why not let our knowledgeable and approachable team look after this for you?

Can we help?

For a quotation or advice on any insurance matter please call 028 9099 3600
or submit your details below

Note - Please do not leave cover instructions as these will not be actioned