Public Liability Insurance & Employers Liability Insurance Information
The information on this page relates to our public liability insurance product.
- What is public liability insurance?
- What is employers liability insurance?
- Is public liability a legal requirement?
- Is employers liability a legal requirement?
- How much employers liability cover do I need?
- How many trades do you cover?
- What trades do you cover?
Public liability protects you and your business against claims brought against you by other people. It covers you for any injury to any other person or damage to their property while you are going about your business activities. The cover also extends to cover products supplied by you in your business.
Cover is available from three choices of £1m, £2m or £5m.
Employers liability insurance covers you if any of your employees have an accident at work and making a claim against you. Employers liability helps meet the costs of compensation or legal fees for employees who are injured or made ill at work through the fault of the employer.
It is important to bear in mind that these compensation and legal costs must be met by the company even if it is closed or goes into liquidation. Sometimes private cases are brought up if a business cannot supply the funds to meet these requirements. This makes employers liability insurance very appealing even if you do not fall into the category of legally requiring it.
Public Liability is not a legal requirement but it is good business practice. Local authorities will generally demand a minimum level of £2m for works to be undertaken at their premises or on their behalf.
It is a legal requirement to hold employers liability insurance following legislation passed by the government in 1969. The following rules dictate whether employers liability is required:
- If you are not a limited company, then employers liability is required whenever you have staff - that is people who work for you excluding business partners or family members. Labour-only subcontractors are considered to be staff. These include any person working under your guidance and using your tools and equipment.
- If you are a limited company consisting only of yourself, and manual and clerical staff, where you own more than 51% of the business, then employers liability insurance is not required.
- If you are a limited company consisting only of yourself, and manual and clerical staff, but own less than 51% of the business then employers liability insurance is required.
- If you are a limited company with more than one person then employers liability insurance is always required.
Typically £5 million is the minimum legal requirement for employers liability.
Our policy option gives £10 million employers liability insurance as standard. This makes sure that a good margin is given in the event of a claim.
Whilst the list is growing all the time, we currently provide public liability cover for over 140 trades. For tradesmen and contractors we offer public liability insurance for everyone from Aerial installers to Window cleaners, while for professionals we can provide public liability for Accountants to right down to Word processors.
Currently, public liability and employers liability is available for the following trades:
|
|