What is employer’s liability insurance | Markel Direct UK

Employer ‘s indebtedness insurance covers your organization against claims for damages and costs resulting from injuries and/or illness suffered by your employees during or arising from their employment with you, a well as the legal costs you incur in dealing with such claims .
Under UK law employer ‘s indebtedness indemnity is compulsory. ampere soon as you become an employer, it is a legal necessity that you obtain employer ‘s liability indemnity with an authorize insurance company. Your policy must cover you for at least £5,000,000. It ‘s important to be mindful that failure to obtain allow cover can result in a finely of £2500 for every day you are not insured .

Employer’s liability insurance claims

Employer ‘s indebtedness claims are highly platitude, in no minor contribution due to the litigious society in which we live today. If employer ‘s liability traverse did not exist, your company would have no option other than to fund the full price of claims itself. This could include payments for damages and legal costs and the costs of obtaining your own legal representation .
Claims are wide-ranging. They can and do arise from ex-employees american samoa well as current ones. They can be brought due to a wide range of forcible and psychological injuries and/or industrial diseases sustained during the class of employment.

such claims should never be taken lightly or disregarded. even a minor injury can cost several thousand pounds to deal with while a more serious wound or illness, can well lead to claims in the tens or hundreds of thousands of pounds .

Employer’s liability insurance and ‘claims occurring’ cover

Employer ‘s liability indemnity is underwritten on what is known as a ‘claims occurring ‘ footing. This means that your policy provides screen for claims brought by an employee for injuries and/or illness which occurred during that period of indemnity, even if the policy is no longer in force .

Managing claim notifications

Whilst we would like to believe that every well-run organization does its best to minimise the chances of employment-related accidents or illness occurring in the workplace, in reality we must accept that not every accident can be anticipate or prevented. Accidents do happen and claims do result from them. That ‘s when Markel, as your insurance company, can help you manage claims and likely claims when they arise .
When an employee makes a claim against you, they will normally appoint a solicitor to pursue the matter on their behalf. You will then receive a letter of claim from solicitors formally notifying your employee ‘s intention to make a claim. You should not acknowledge this letter. You should just pass it to your insurers without delay.

If the accident which forms the subject of the claim occurred on or after 1st July 2013 you may receive a letter from solicitors asking for confirmation of the name of your Insurer and your policy count. They will then subsequently submit the claim directly to your insurance company via the MOJ Claims Portal. This is an internet based claims management system intended to deal with injury claims up to a value of £25,000 .
Your insurance company receives the claim as an electronic Claims Notification Form. This provides details of the claim and your insurance company must acknowledge it via the Claims Portal within 24 hours. Your insurance company then has alone 30 working days in which to investigate the call with you, consider all tell and legal liability issues and provide a liability decision to the claimant, via the Claims Portal. It is consequently authoritative for you to notify your insurance company ampere soon as you are mindful of a claim or potential claim ; this gives your insurance company the opportunity to comply with portal site timescales and benefit from the maximum period in which to investigate and consider the case .
If you have any concerns about a claim which has been made, our experience claims staff are on hand to assist.

Employer’s liability insurance from Markel

Holding EL top with Markel as an empower insurance company ensures you are fulfilling your legal obligations to hold appropriate cover charge .
It besides ensures that in the consequence that claims are made against your company you have allow indemnity in place to deal with them .
We can offer EL cover from vitamin a little as £5 a calendar month for businesses and charities of all sizes. Get an on-line quote immediately, to find out how little it costs to protect your employees and yourself .

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