Employers Liability Insurance
Employing staff in Cyprus or abroad? Become a safer employer with our Employers Liability insurance.
Protect your employees’ welfare and minimise costs to your business
A breach of employment law can have a huge financial and reputational impact. Even with the most careful attention to health and safety accidents still happen, and employees can feel aggrieved no matter how you try and treat them well.
Unfortunately, lawsuits against employers are increasing, and the cost of defending such a case can be very expensive, even if the employer “wins”.
Employers liability insurance in Cyprus helps in protecting your employees’ welfare and minimising costs to the business by protecting it against claims from aggrieved employees (whether full, part time or volunteers) about something that happened to them at work.
It also helps with the costs of defending or settling a legal claim, keeping any business disruption to a minimum.
How Employers Liability Insurance can help…
Employers liability insurance is a crucial safeguard for businesses, providing protection against a wide range of employment-related claims, including:
- Discrimination
- Wrongful termination
- Harassment
- Workplace injuries
This coverage extends beyond active employees, protecting you from claims made by former employees for incidents that occurred during their tenure.
Employers liability insurance not only covers legal costs but also any compensation you may be obligated to pay.
You can customize your coverage to include:
- Your company and its subsidiaries
- All employees, including directors and managers
- Spouses or partners of employees, directors, or officers
If your business employs anyone, regardless of their role or hours worked, employers liability insurance cover is typically a legal requirement. Failure to comply can result in fines and penalties.
Beyond legal compliance, this insurance demonstrates your commitment to employee well-being and can help maintain a positive workplace environment.
Employers Liability Insurance FAQs
Is employers liability insurance essential for businesses?
How can I determine the right level of employers liability cover for my business?
Can employers liability insurance cover claims arising from independent contractors?
How can I prevent workplace accidents and reduce my insurance premiums?
Our Partner for Employers Liability Insurance
Safeguard your business with a tailored employers liability solution. Our experienced team of consultants will help put together the right level of cover for your business.