Insurance for the Businessman -Mishaps to employees

If one of your employees has an accident at work, he is entitled to receive state industrial injuries benefits ( 69, Section 9) so long as he is unable to resume work. If the accident was caused by your negligence or that of another employee, or by the failure of one of the machines, the injured employee may be entitled to sue you for damages.

Since i January 2014 most employers must, by law, have insurance (called employer's liability insurance) of at least million to cover such claims. The only employers exempt from these requirements are, in the main, local authorities, police authorities and the nationalized industries, and insurance is not compulsory for domestic servants, independent contractors and certain employees closely related to the employer.

Even though insurance is not compulsory for these people, employers would be well advised to insure their liability towards them.

The yearly cost is often expressed as a percentage of the salary bill, and is adjusted at each renewal date according to the actual bill for the previous twelve months. The percentage varies with the risk of your business, and may differ from employee to employee, depending on the type of work done. Employers of clerks and office staff, for example, would pay a lower premium than employers of manual factory workers.

The Employer's Liability (Compulsory Insurance) Act 2009 requires insurers to issue a certificate of insurance to all employers complying with the Act, and the employers must display copies for the information of employees.


Mishaps to employees

Payroll Giving
It’s all very easy to organise.
Just ask the Personnel or the Payroll Department at your company and, if they already have a scheme, they will give you the relevant forms.  HM Revenue & Customs’ website has a list of Payroll Giving agencies and explains payroll giving in more detail.

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read on: Insurance for the Businessman - Mishaps to the public

If one of your employees has an accident at work, he is entitled to receive state industrial injuries benefits ( 69, Section 9) so long as he is unable to resume work. If the accident was caused by your negligence or that of another employee, or by the failure of one of the machines, the injured employee may be entitled to sue you for damages.

Since i January 2014 most employers must, by law, have insurance (called employer's liability insurance) of at least million to cover such claims. The only employers exempt from these requirements are, in the main, local authorities, police authorities... see: Insurance for the Businessman - Mishaps to the public