Employers liability insurance

Employers’ liability insurance with Tredstone

 

Tredstone is a one-stop-shop for all your business insurance needs. Whether you require public liability insurance, employer’s liability insurance, professional indemnity insurance, or products liability insurance – or a combination of these – as a business insurance specialist we are on-hand to ensure that you can compare and tailor a range of quotes to meet your particular demands.

 

Employers’ liability insurance and the law

 

The law states that all businesses with one or more employees must have Employers’ Liability (EL) insurance in place to provide cover of at least £5 million.

 

There are very few exceptions to this requirement – for example, if you employ a close family member or an employee who is based abroad – however, it is highly recommended that you have cover in place even if your circumstances meet these exceptional criteria; employers’ liability insurance is essential from a personal as well as legal perspective. This is because it provides indemnity so that you do not become personally liable for compensation in the event an employee suffers injury or illness as a result of circumstances in the workplace.

 

Big fines for non-compliance

 

Any business that is without the requisite cover faces a fine of up to £2,500 for every day it is in breach of the law. Furthermore, failure to display or make available an employers’ liability certificate can result in a £1,000 fine.

 

EL insurance, working for you

 

Having employers’ liability insurance in place helps protect you in many ways. Not only does it cover the cost of compensation payouts, it also helps cover the legal cost of defending or settling such claims.

 

Another benefit – indeed one which is sometimes overlooked – is that it can indemnify you from the legal costs related to any criminal prosecution stemming from an employee’s workplace injury or illness.

 

Quality cover from a specialist team

 

Tredstone exists for one purpose: to combine cost-effective and quality cover with efficient, effective and friendly service.

 

Whether you require a new policy from scratch, are looking to upgrade your existing cover or are keen to discuss your ongoing insurance risks, talk with us today for help with your employers’ liability insurance and more.