Employers Liability Insurance

The Need for Employers Liability Insurance

Employer’s liability insurance, also known as EL is gradually turning into mandatory insurance policy for all employers in case they maintain a well-defined workforce or employees. If you head a company or in the business of managing the affairs of an organization or a limited company, you may realize the benefits of having defined employers liability insurance as directed by the law.

The idea of taking this insurance policy is to safeguard the interests of employees working for a particular organization. This policy is effective in case employees suffer from any physical injury or even death, and it is proven that as an employer you acted negligently and subsequently could have prevented their loss. If the employee or his/her relative may choose to pursue you for compensation, the insurer will pay the cost of the claim. EL also protects you against the risk of being sued for claims such as sexual discrimination, wrongful dismissal etc.