Make sure you measure up.
Roger Nash looks at some of the necessary changes employers' liability insurers must make, if this market is to survive in the future.
It is no exaggeration to call employers' liability (EL) a troubledmarket. It is long tail business, and therefore extremely vulnerable to
changes in the workplace and the legal environment. For example, a premium
collected yesterday may eventually have to fund a claim following the Law
Commission's alterations on pain and suffering awards. This is a factor
unlikely to have been costed for in the original premium.
The Woolf changes have reduced the opportunity for investment, while
claims inflation
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