Tough calculations.
Since the £10m cap on employers' liability was introduced, insureds have had to decide whether or not they need more cover. Tony Dowding says several factors have to be considered when calculating a higher limit.
One hangover from the 1994/95 employers' liability crisis has beenthe question of assessing limits for employers' liability insurance. When
cover was unlimited, employers did not have to worry about how much cover
they needed. But the £10m cap introduced means that companies have to
decide whether the limits are sufficient, or whether they needed to buy
more. Companies now have to assess employers' liability limits, but there
is no standard way to do this, and a wide variety of methods are being
u
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