Earners Liability insurance...

[briantvr350]

Hi Guys,

I've been getting conflicting advice regarding "Earners Liability insurance" It seems that since early 2005 this has not been a legal requirement for small limited companies with 1 employee who is company director and owns at least 50% of the shares.

Does the team think that even if it's not a legal requirement, it's a wise investment anyway? From the quotes I've received it doesn't appear to be over expensive.

Regards,

Brian (and a Red 350i)

[percy flage]

Earner's or employer's liability? SOunds like you are describing employer's liability, which would be a bit daft if you employ yourself via your limited company?

[Eric Mc]

Insurance against what?

[briantvr350]

Thanks Guys,

I was actually describing employers liability insurance, as described here:-

www.biba.org.uk/consumer/consumernotes/notes/hse40.pdf

Now I am/will be exempt because I fall into one of the exceptions on page 4, but, this exemption has only been in place a couple of years It appears to have been compulsory before then.

As Eric and Percy have already commented, It does seem perverse to insure the company against its owner/director/employee making claims. And even if I did employ anyone else, then exactly what risks am I insuring.

I'm sure there are one or two insurance experts lurking on the forum, can someone assist please?

Regards,

Brian (and a Red 350i)

[insurance_jon]

don't waste your money. there isn't much you could claim. effectively you would have to take yourself to court for injuries resulting from your own negligence/breach of health and safety. If your worried about what would happen if you can't work due to illness or injury just take out an adequate PA & sickness policy

[briantvr350]

Thanks Jon...

sounds good to me.

Regards,

Brian (and a Red 350i)