Excess Employers Liability
Excess Employers' Liability Insurance is an additional layer of protection for businesses that may require higher levels of coverage beyond the standard limits provided by a typical Employers' Liability Insurance policy. This insurance is crucial for businesses facing significant risks due to the nature of their work or the number of employees, ensuring that they are adequately covered in the event of large claims. Becks Insurance Brokers in Brighton offer tailored Excess Employers' Liability Insurance solutions, helping you enhance your existing cover to meet the specific needs of your business.
Enhanced Protection for Large Claims
Employers' Liability Insurance is a legal requirement in the UK, covering claims made by employees who suffer injury or illness due to their work. However, in some cases, the standard policy limits may not be sufficient, particularly in industries with higher risks or larger workforces. Excess Employers' Liability Insurance provides additional coverage above the standard limits, offering peace of mind that your business is fully protected against even the most substantial claims.
Features and Benefits
Increased Coverage Limits: Provides an extra layer of protection beyond the standard Employers' Liability Insurance limits, ensuring sufficient coverage for large or multiple claims.
Customisable Limits: Tailored policies that allow you to choose the level of excess coverage that best suits your business’s needs, whether it's an additional £5 million, £10 million, or more.
Risk Management Support: Access to risk management resources and advice to help mitigate potential risks and reduce the likelihood of large claims.
Compliance with Contractual Requirements: Ensures your business meets contractual obligations or industry regulations that require higher levels of Employers' Liability cover.
Peace of Mind: Protects your business from the financial impact of large claims, safeguarding your assets and ensuring business continuity.
What is Typically Covered?
Excess Employers' Liability Insurance provides coverage that extends beyond the limits of your existing Employers' Liability policy. Typical cover might include:
Additional Liability Coverage: Provides an extra layer of financial protection against claims for work-related injuries or illnesses that exceed the limits of your primary Employers' Liability policy.
Catastrophic Claims Protection: Ensures your business is covered in the event of a severe incident that results in significant compensation costs, such as a large-scale accident or multiple employee claims.
Legal Costs: Covers legal fees associated with defending large or complex claims that exceed your standard policy limits.
Exclusions may mirror those in your primary Employers' Liability policy and can include deliberate acts of negligence, claims arising from non-compliance with health and safety regulations, or punitive damages. The specific terms and conditions will vary depending on your business's needs and the insurer. Becks Insurance Brokers will work closely with you to tailor your Excess Employers' Liability Insurance policy, ensuring comprehensive protection for your business.
To enhance your Employers' Liability coverage and protect your business from large claims, book an appointment with one of our specialists here or arrange a quotation here.
