Employers are responsible for the health and safety of their employees while they are at work. The Employers’ Liability (Compulsory Insurance) Act 1969 ensures that a company must have at least £5 million of insurance cover although most insurers offer £10 million as standard. Employers’ Liability Insurance enables a company to meet the cost of compensation for their employees’ injuries, illness or death whether they are caused on or off site. A company can be fined if it does not hold a current Employers’ Liability Insurance policy which complies with the law.
Public Liability Insurance covers a company for claims made against it by members of the public or other businesses, whilst it is not a legal requirement it is considered good business practice to have coverage in place.
For certain types of company, Employers' Liability and Public Liability Insurance can be purchased as part of an Office Combined Package Policy.
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