Even though ‘high-risk’ industries, such as construction, aren’t half as dangerous as they used to be thanks to modern safety laws and advanced tools and equipment, accidents can and still do happen. It only takes a momentary lapse in concentration for somebody to miss a hazard, and if the consequences include an injury, you may be liable to pay compensation. For that reason, it is a legal requirement for almost all companies to purchase employers’ liability insurance.
Some claims can run into the thousands of pounds, which your company would be liable to pay if it didn’t have employee compensation insurance. Plus, the last thing any employer wants is somebody else’s injury on their conscience. Instead of risking your company’s financial future and employees’ well-being, you can purchase employers’ liability coverage and secure peace of mind about both.