Expertise in Action: Employers’ Liability: Taking the hit

Stormy weather lies ahead for the poorly performing employers’ liability market, according to leading insurers and brokers. They say it is unlikely to absorb the 2.74% levy on premiums – or £371m annual cost – that will fund compensation for mesothelioma sufferers unable to trace insurers or employers.

The levy is part of a package of reforms introduced in the Mesothelioma Act, passed by parliament at the end of January. Its aim is to plug a gap that left some sufferers of the fatal asbestos