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Employer liability insurance
A Guide to Employer Liability Insurance


The majority of businesses that employ people need to take out a form of business liability insurance known as employer liability insurance. It is a legal requirement to have this kind of business liability insurance in place, and if you don’t take on even a cheap liability insurance policy, then it could lead to criminal action being taken against you. Given that this kind of policy is a necessary evil, most businesses simply bite the bullet and try to source cheap liability insurance to cover their legal requirements.

Why does a business need employer liability insurance coverage?

If you employ other people, then you have a ‘duty of care’ towards them. And, of course, you need to protect your own financial situation at the same time. This kind of employer liability insurance policy simply gives you coverage in the event that one of your employees in the course of doing his/her job:

  • Falls ill

  • Has an accident

Don’t just assume that you only need to take out cheap liability insurance coverage coverage for contracted personnel. This policy may also be necessary for other people who work for you even if they are not under contract, so you may need to check your obligations here. For example, some self-employed workers may actually count as employees for this purpose. And, although some sole traders and people who only employ close family members are technically exempted from having to buy coverage, you may still be liable in certain cases so, again, check to see if you do need employer liability insurance coverage.

What kind of business liability insurance coverage do you need?

The majority of business liability insurance policy options you will be given will offer various amounts as part of your plan, although cheap liability insurance may stick to the minimum.

You also need to obtain a certificate stating that you have this kind of business liability insurance policy in force. This certificate needs to be put up on display somewhere in your business premises. Again, if you don’t do this, then you could be liable to criminal prosecution. You also have to keep copies of all your business liability insurance certificates for a period time after they have expired. This is necessary as employees may make claims years down the line if they develop an illness or medical condition.                

Where to buy employer liability insurance?


You can only buy accredited business liability insurance from approved insurance companies, so make sure that the employer liability insurance policy in which you are interested comes from a company that meets this criteria (especially if you find a particularly cheap liability insurance policy).

There are, however, plenty of employer liability insurance policies available from approved insurance companies, so there is no excuse not to shop around for business liability insurance quotes to make sure that you can source cheap liability insurance. Of course, you should not stint on coverage, but you also don’t need to pay too much for this kind of insurance protection.                  

Compare business insurance providers

 
 
 
 
 
 
 
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