Employers' Liability - Too great a liability?
Small-business owners are currently finding employers' liabilitycover almost impossible to afford - so much so that some firms have takenthe drastic step of breaking the law and operating without it. PeterHagley reports on an essential market that seems to have reached analarming impasse
The traditional method of compensating for injuries caused in theworkplace has suddenly begun to look very antiquated and inefficient, andemployers in the small and medium-sized enterprise (SME) sector are notalone in being overwhelmed by the current employers' liability (EL)crisis.
In addition to soaring premiums, policy excesses and minimum premiums havealso gone up while underwriting capacity has fallen. The Office of FairTrading is compiling a report (expected in Spring 2003)
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insurer
Arag posts 60% profit leap in run-up to Das UK integration
Legal expenses insurer Arag grew profit and turnover in 2023 as it readied itself for the takeover of Das UK.
Rebrand of LV Broker to Allianz goes live
Allianz has completed the rebrand of personal lines insurer LV Broker and revealed the appointment of Carolyn Rich to the newly created post of director of brand.
Brokers push for more from RSA/NIG
Brokers have given a mixed report on communication levels around the RSA and NIG deal but with the process kicking forwards today have expressed the hope the takeover will make more products available.
Motor still in spotlight as FOS confirms half-year GI complaints rise
The Financial Ombudsman Service has again flagged car and motorcycle insurance complaints as it calculated an 18% rise in general insurance cases.
Aviva’s David Martin on the art of the possible
After making a “substantive step change”, Aviva knows there is more to do, and will be meeting with brokers at the British Insurance Brokers’ Association’s conference to work together on what comes next, according to managing director of UKGI distribution & SME David Martin.
Hug Hub extranet offering sold to Endeavour Ventures
Endeavour Ventures has bought Hug Hub’s commercial lines focused digital quote platform, Extranet Hub, Insurance Age can reveal.
Wakam receives PRA approval for new £500m GWP UK insurer
French insurance group Wakam has told brokers thinking of setting up their own managing general agents to consider it as a capacity partner after receiving regulatory approval for a new UK subsidiary.
LV claims director Milliner tipped for DLG role after exit
LV GI claims director Martin Milliner is to leave the insurer he joined in 2006, Insurance Age can reveal.
Most read
- Wakam receives PRA approval for new £500m GWP UK insurer
- Dual to open two UK offices as McGinn’s regional push gathers pace
- ABI stops short on voluntary premium finance cap as it sets out five principles