If you have more than one employee, there is a change that they may be injured at work or become ill as a result of working for you. Should this happen, they may be entitled to claim compensastion, your business needs a suitable emplyees liability insurance policy to cover the cost.
An example of a situation where you would need to claim on your employers liabillity cover would be if an emplyeee is injured while working on machinery without the proper safety precautions being in place.
Employers liability insurance also covers your business against claims for employee illnesses that have been contracted as a resuly of working for you, even if they manifest after the person has left your employment. For this reason you must keep on file all documentation related to your employers liability insurnace even if it has expired.
A self employed contractor was working exclusively for the insured business. While at work he jammed his hand in between a lintel and a metal bar, causin serious laceration.
The insurer paid out damages to the contractor under the employers liability insurance over at a cost of £49,990.
Employers liability claims can be very expoensive and as suc the standard level of cover given as part of the business insurance policies is £10 million. CHAS Insurance can arrange much higher levels of cover depended upon your business size.
If you do not take out employers liability when you employ staff you could be fined £2500 for each day you are without adequate cover.
Be careful to put down the correct number of clerical and manual staff if you employ both types.
Imediate members of your family who work for you do not count as employees for employers' liability insurance, however casual workers, part-time workers and temporary staff do count.
It's always best if we can advise you in this regard by us asking a few simple questions we can ascertain which type of policy will be best suited to your business. Our extensive experience in this marketplace means that we can advise you which type of policy is suitable for your particular industry, we can go through the process with you and ensure that you can have a policy that is best suited to your business.
CHAS Insurance scour the insurance market to indentify specialist schemes that offer the right cover to our customers. We can offer you employers liability insurance suited to your business type at a price what will often surprise you.
With access to both the Composite Insurance Market and Lloyds of London, CHAS Insurance work hard to find our customers the right employers liability insurance at the right price. With flexible employers liability cover for every business sector, CHAS Insurance can help provide you with comprehensive, cost effective employers liability insurance, whatever your trade or industry.
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CHAS Insurance Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Conduct Authority Register www.fca.org.uk/register under reference 594605. Registered address: 20 Market Hill, Southam, Warwickshire, England, CV47 0HF. Registered in England and Wales 08299252 | CHAS Insurance do occasionally sell products that are not regulated by the FCA.
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Chas Insurance has been supplied data pertaining to Chas Members by the operators of the Contractors Health and Safety Assessment Scheme. We have no business connection with CHAS / the Contractors Health and Safety Assessment Scheme. CHAS / the Contractors Health and Safety Assessment Scheme receive no payments from Chas Insurance.