Unlike most other types of insurance, Employer’s Liability Insurance is compulsory. We provide Employer’s Liability Insurance across Northern Ireland that protects employers from claims of negligence made by employees who suffer injury or ill health due to their work.
If you employ workers (including offshore installations or associated structures), your company must carry Employers’ Liability Insurance to avoid substantial fines.
How Much Employers Liability Cover Is Needed?
You are required by law to carry at least £5 million of Employers’ Liability cover. However, depending on the size and the nature of your business, the minimum level of cover may not offer your company adequate protection. An experienced insurance professional can help you evaluate your risks and liabilities to determine the right amount of cover for your unique business needs.
Contact us to speak with one of experienced insurance professionals today!
What Happens if I Do Not Have Employers’ Liability Insurance?
The Health and Safety Executive NI (HSE) enforces the law on employers’ liability insurance. You can be fined up to £2,500 for each day which you are without suitable insurance. If you do not display the certificate of insurance or refuse to make it available to HSE inspectors when they ask, you can be fined up to £1,000.
What Determines the Size of My Premium?
The size of your Employers’ Liability premium is based on three main factors:
- The type of business you operate (your “base rate”)
- Your loss history (the severity and frequency of your past claims and accidents)
- The quality of your health and safety risk management system
How Can I Reduce My Premium?
It doesn’t make sense to change the nature or scale of your business just to reduce your premium, and you cannot change your company’s past claims history. The one factor you can influence is the quality of your health and safety risk management system. Not only can implementing a robust health and safety risk management system reduce your premiums in the short term, but it may also lead to a reduction in future claims—which will mean lower premiums in future.
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