Employers' liability insurance is a legal requirement for businesses of any size which employ staff. The policy can cover the legal defence costs in the event of an allegation of negligence against you and where you are at fault. It will also pay the cost of compensation should an employee suffer an injury or illness as a result of work they are carrying out on behalf of the business. For more information read our employers' liability guide.
Public liability insurance is designed to protect you from a claim if a customer or third party were to injure themselves or have their property damaged as a result of your business activities. (Product liability covers your negligence in the event of injury arising from the supply or manufacturing of goods). Whilst it is not typically a legal requirement, many businesses will not work with you unless you have public liability insurance. For more information read our guide to public liability.
Yes, it is a legal requirement to display your employers' liability insurance certificate in a prominent place where your staff have access to it. If you choose to display a physical copy of your certificate it is important that this is done so in an accessible area, such as a hallway or room that all staff have access to. There are other documents you are legally required to display, such as health and safety and fire safety certificates, so it is typically advised that you display these altogether.
It is possible to display this electronically, provided you explain to your employees how they can access it. This is typically stored on your company intranet or shared network drive so that all your employees have access to it.
Employers must display their employers' liability insurance certificate, as well as their health and safety policy, a health and safety law poster, a list of first aiders employed by the company and fire evacuation arrangements. It is also advisable, though not mandatory, to have and display a public liability insurance certificate.
Alison Wild BCom (Hons), MAAT, MATT, Taxation Technician is a highly respected industry professional who has been working with and advising SMEs in areas including tax, pensions, insurance and marketing for over 25 years. She is a member of the Association of Accounting Technicians (AAT) and Association of Tax Technicians (ATT) and also has over 20 years' experience as a residential landlord.
Date: November 03, 2014
Category: Small Business