No quick fix.
The less-than-healthy state of the employers' liability market has been well publicised. Gary Booton says licking the sector back into shape means going back to the drawing board and focusing on long-term rehabilitation.
During 2002, businesses saw unprecedented rises in premiums forcompulsory employers' liability insurance, running from 40% to 400%. Even
more worryingly, many of the Engineering Employers' Federation's 6000
member companies found there was no market at all for this class of
insurance.
While employers are required to obtain EL insurance, there is no
complementary responsibility placed on the insurance market to provide
cover. EL insurers are being increasingly selective about the risks they
write in
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