Statutory Employer Liability Insurance: Who Qualifies and What You Get
Learn about the legal insurance requirements for employers in Ireland to protect against staff injury claims.
Statutory Employer Liability Insurance is a mandatory legal protection designed to cover businesses in the event that an employee suffers an injury while performing their job duties.
Who it's for
This requirement applies to all employers. Regardless of the size of your business or the industry you operate in, if you employ staff, you fall under this mandate.
What you get
The primary benefit of this scheme is legal protection. If an employee suffers an injury while working, this insurance is designed to provide coverage against claims made by that staff member. It serves as a safeguard for your business, helping to manage the legal complexities and consequences that arise from workplace accidents.
What it costs you
To maintain this protection, you must pay an annual premium to an insurance provider. Because the cost is based on the specific nature of your business operations, the amount you pay will vary. Factors such as the type of work your staff performs and the inherent risks associated with your specific industry will influence the final price you are quoted.
The catch to know
It is vital to stay compliant with these regulations. The most important thing to understand is that having a valid policy is a requirement, and failing to maintain this coverage can lead to serious legal consequences.
How to apply
- Research insurance providers that offer employer liability coverage.
- Request a quote by providing details regarding your business type and staff numbers.
- Review the terms and the annual premium based on your specific business risks.
- Complete the purchase to ensure you have valid, legal coverage in place.