To run your business without any tension, you take every care to protect it from all kinds of risks. Whether it is a big flourishing business or just a startup, every businessman tries to manage his funds for difficult times, especially for the damages caused by the negligence of the company towards its employees. To save your business from any kind of untoward incident, employers liability insurance is very essential. In countries like UK, it is mandatory by the law to own an employer’s liability insurance if you have one or more than one employees working for you.
Employer’s Liability Insurance covers you in case any of your employees decides to take you to the court of law and file a lawsuit against you for things like wage discrepancy, working over time or any other kind of accident happening while working for you. Also this insurance cover will protect you if a claim is filed against you for mental or emotional stress. One thing that needs to be considered while buying employers liability insurance is that it does not cover you for charges like criticism, harassment, sexual harassment or discrimination. In case there is a fatal accident, or a physical injury to an employee at your work premises, then also you can be dragged to the court. In situations like these, public liability insurance comes to your recue. It not only pays the legal fee, but also payout the claims amount.
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