Fuelled Group | Employers Liability

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Employers Liability
Insurance

Employers Liability insurance is a form of coverage designed to protect businesses against claims from employees who have suffered injury or illness as a direct result of their work. Unlike Public Liability insurance, which focuses on potential injuries or damages to third parties, Employers Liability insurance specifically addresses the risks and responsibilities employers have towards their own workforce.

How does it apply to tech co's?

Startups and scaleup companies, irrespective of their domain or specialisation, have a duty of care towards their employees. Whether you're operating in a tech-centric environment or a more traditional office space, there are always risks, albeit some might be less obvious than others. In a technology-focused workspace, repetitive strain injuries from prolonged computer use or mental health issues arising from high-pressure environments are real concerns. Employers Liability insurance ensures that if a claim is made, the financial repercussions don't derail the company's operations or growth trajectory.

Explained

Moreover, in many jurisdictions, Employers Liability insurance is not just a recommended safeguard, it's a legal requirement. The mandate underscores the importance societies place on the well-being of employees and the responsibilities shouldered by employers. For businesses, being compliant with such mandates not only avoids potential legal penalties but also fosters a reputation of responsibility towards their workforce. Employers Liability insurance is both a protective measure and an investment in a company's long-term reputation and stability.

Read our comprehensive guide to business insurance

How much cover
do you need?

In nearly all circumstances, Employers Liability insurance is mandated at £10,000,000 by law. In some cases you are still able to purchase £5,000,000 of cover, however this isn't often readily available in the UK Insurance market.

In some circumstances it's also sensible to cover contractors and freelancers working for your business. If you need any further assistance on what your obligations are, please contact us and we can talk you through it!