Employers' Liability - Too great a liability?
Small-business owners are currently finding employers' liabilitycover almost impossible to afford - so much so that some firms have takenthe drastic step of breaking the law and operating without it. PeterHagley reports on an essential market that seems to have reached analarming impasse
The traditional method of compensating for injuries caused in theworkplace has suddenly begun to look very antiquated and inefficient, andemployers in the small and medium-sized enterprise (SME) sector are notalone in being overwhelmed by the current employers' liability (EL)crisis.
In addition to soaring premiums, policy excesses and minimum premiums havealso gone up while underwriting capacity has fallen. The Office of FairTrading is compiling a report (expected in Spring 2003)
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