Employers Liability Insurance – Protect Business and Your Employees

Employers liability Insurance covers the following: an employee falling ill, or getting injured in the workplace, or the case of an employee’s death. Employers liability insurance is a must have insurance. There can be only two exceptional situations where you can save yourself from getting an employers liability insurance. Either you are running a single employee company, you being the only employee, or if you only hire your family members. In any setup other than this, employers liability insurance becomes mandatory.

Employers liability insurance is a legal obligation in many countries of the world, such as the USA, Britain and many others.

The protection employers liability insurance offers is great. In the event of an accident, and your employee(s) decide to sue you, the legal and medical fee will be covered by your insurance provider.

What the claims bring about will depend upon whose negligence caused the accident in the first place. If the employee was at fault, the extent of his fault will determine as to whether your costs are cut down or they completely vanish.

Note again that employers liability insurance is a legal obligation. If you did not get it, you can be punished under the law and may have to pay a fine for each day that your employee(s) were not covered. In fact, a health and safety agency may even shut down your business.

Make sure your insurance certificate is viewable by your employee(s). Put up a copy of it on notice boards in your office, and perhaps also on the company website.

Employers liability insurance will only cover your employees. For people outside of the organization, you will need a Public liability insurance policy. This is meant to cover the case of a visitor suffering an accident inside your organization’s premises.

Employers liability insurance doesn’t cover claims such as wrongful termination of an employee or sexual harassment or sex discrimination etc.

The insurance provider you get insurance coverage from must be authorized. Otherwise, you are breaching the law anyway. Make sure you take out the time to compare the costs of various insurance providers before signing up with any particular one.

Employers liability insurance will save you money in case your employee(s) suffer an accident. On the other hand, it gives employees a sense of security and protection. Employers Liability Insurance is by all means a win-win situation for both business owners and workers.

About the author: Ben Ashfalk is passionate about employers liability insurance and liability insurance coverage.