Employers' liability

Employer's liability (EL) premiums have rocketed over the last 18 months as insurers have attempted to stave off massive underwriting losses with recent figures pointing to a premium hike of up to 40-50%.Insurers argue they have been left with little choice but to address the deficit caused by the rising number of work-related claims and increasingly hefty payouts. Of course, as all businesses are required by law to have EL cover, such a dramatic increase has hit every employer where it hurt