Employers’ Liability insurance can protect you and your business against the cost of compensation claims due to illness or injury to your employees, caused by their work for you.
Employers’ Liability insurance is a legal requirement for almost every business that employs staff, including contractors, casual workers and volunteers. Failure to hold adequate insurance can result in fines of up to £2,500 per day.
If one of your employees injures themselves or becomes ill as a result of the work they do for your business, there’s a chance they could make a claim against you.
In the event of a legal battle with a member of staff, Employers’ Liability insurance may cover you for any legal or compensation costs.
Employers’ Liability insurance is a requirement for any business that has employees, such as:
However, there are some exceptions:
If you are required to have Employers’ Liability insurance and do not have it, you can be fined up to £2,500 for every day you do not have cover, or £1,000 if you refuse to show your certificate of Employers’ Liability insurance to an HSE inspector.
Employers’ Liability insurance is designed to cover the costs if an employee claims compensation for illness or injury that they believe has been caused by their work.
Employers’ Liability insurance is available as optional £10m cover when you take out Public Liability insurance.
We know your business is important to you, and keeping it safe and secure will allow you to focus on the important day to day tasks.
To help you do this we have chosen to work with Arthur J. Gallagher Insurance Brokers Limited, one of the UK’s largest insurance brokers.
This service will provide you with access to specialist insurance advisors who will search a panel of leading insurers offering a range of products. To get you the cover you need at the price you want.
Insurance covers are subject to the individual terms, conditions and exclusions of the insurer providing them. Always review the policy documentation supplied during the quote process to ensure you have the cover you need.
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.
Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Registration Number 119278.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.