Employer's Liability Insurance


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Employer's Liability Insurance

Insurance that protects an employer from damages from a lawsuit resulting from an injury due to the employer's negligence. It does not cover lawsuits resulting from discrimination, wrongful dismissal and so forth. Employer's liability insurance is required in some jurisdictions and may be rolled in with a worker's compensation policy.
References in periodicals archive ?
To adequately face these exposures, an employer will need more than the workers' compensation and employer's liability insurance policy.
He added that employer's liability insurance was a ``particularly hazardous'' business for insurance companies.
West Midlands-based firms have complained that the soaring cost of employer's liability insurance is putting their businesses at risk.
According to the research, 94pc of small and medium sized businesses are worried that employer's liability insurance premiums will rise again this year, raising fears that many small firms will be put out of business.
Bibby Factors Northeast sales director, Terry Brown said: "The prospect of further increases in employer's liability insurance premiums just doesn't bear thinking about.
It is encouraging that business support organisations such as the FPB and the British Chambers of Commerce (BCC) are lobbying the Government to do something about the growing problem of employer's liability insurance premiums.
Employer's liability insurance is compulsory and has been since 1972.
Many insurance companies no longer offer employer's liability insurance and those that do are only selling it as a package with other insurances.
The talks follow claims that soaring employer's liability insurance premiums are threatening many small and medium businesses in 'high risk' sectors such as building, transport maintenance and mining.
Mr Williams said: 'There are several hundred firms which we can identify that have either gone out of business, can't afford insurance or, I'm sorry to say, may be trading without employer's liability insurance as we speak.
Today's talks follow claims that soaring employer's liability insurance premiums are threatening many small and medium businesses in 'high risk' sectors such as building, transport maintenance and mining.

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