Employers' Liability Insurance

Employers’ Liability cover is required by law for most businesses. You will need it if:

You deduct Income Tax and National Insurance Contributions from the money you pay your employees.
You have control over where and when your employees work.
You have the right to claim profit made by your employees.
You provide the equipment and materials your employees use.
You need them to perform the job you employ them for and if the employee is unable to provide a substitute if they are unable to work.
You have part-time or temporary employees.

If you fail to have Employers’ Liability insurance in place when it is legally required, you run the risk of a fine. For every day that you do not carry EL insurance you can be fined up to £2,500. If you do not have a certificate of insurance that is accessible by staff or refuse to make it available to HSE inspectors when they ask for it, you can also be fined up to £1,000.

Employers Liability cover is not usually required if:

You are a limited company with only one person employed and that person owns more than 50% of the share capital.
You are a sole trader (not a limited company) who is the principal of the business.
You work in a Partnership where the directors are equal partners and do not employ any staff.
You are a company where all the employees are direct family members.

At Caunce O’Hara we offer comprehensive EL insurance as part of our Business Combined Liabilities insurance, which can be purchased from as little as £112.00 a year (that is only £8.16 per month). As an employer you are legal required to carry a minimum of £5million of EL cover, at Caunce O’Hara we offer £10million of cover as standard in our Business Combined Liabilities policy.

Professional indemnity insurance (PI) will provide cover for business professionals who provide business services, advice or designs to clients and will cover against claims of negligent work.

Public liability insurance (PL) is designed to protect your business against third party claims for injuries or property damage.

It is important to be aware that as a self-employed business owner, a claim can be made against you personally with unlimited personal liability, therefore Directors and Officers insurance is a valuable insurance policy which will cover you in this instance, which is provided as part of our Business Combined Liabilities insurance product.

Legal Expenses insurance will also provide cover for costs incurred from a legal occurrence or claim that your indemnity and liability insurance does not cover, including the costs incurred from an IR35 tax investigation.

Cyber insurance, also known as cyber liability insurance, will cover your business in the event of a malicious attack on your computer systems and your data.

Personal accident insurance can provide cover for your loss of earnings while you are unable to work due to a work-related accident or illness caused by your work.

Commercial crime insurance can be beneficial to anyone who ones or runs a business, no matter how large that business is. Theft and other crime can have catastrophic consequences for a business and potentially to those who are connected to that business, such as suppliers and employees.