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The Top Reasons Tradesmen and Women Need Employers Liability Insurance

Rhino Trade Insurance 24 October 2023

Accidents are an unfortunate reality in any workplace, and unfortunately, the trade industry sees more accidents than most. From construction sites to repair jobs, the inherent risks are part and parcel of the profession.

This is where Employers' Liability Insurance steps in, ensuring not just legal compliance but a shield against unforeseen challenges. Irrespective of the size of your business, the Rhino team is here to explore why you might need Employers' Liability Insurance

It's a Legal Requirement

The chief reason why trade businesses need Employers' Liability Insurance in the UK is that it's a legal requirement. The Employers' Liability (Compulsory Insurance) Act 1969 mandates that all employers must have this insurance in place. Failure to meet these requirements can result in hefty fines of up to £2,500 per day, and non-compliance could even lead to your business being shut down.

With all the risks that are attached to your trade business, whether you are a plumber, builder or electrician, there is simply no need to avoid this cover. If you have employees, getting this insurance is not optional; it's a legal obligation that ensures your business is in compliance with the law and ensures you are protecting your staff members!

It Protects Your Employees

Whether you run a small, local kitchen fitting business or a large, national gas fitters company, your employees are the backbone of your trade business. They work in various environments and are exposed to a range of risks every day. Employers' Liability Insurance is designed to provide financial protection to your employees in case they get injured or fall ill due to work-related activities. This coverage ensures that your employees receive the necessary medical treatment, rehabilitation, and compensation for lost wages, reducing their financial burden during a challenging time. 

With Rhino Trade Insurance, as a business owner, you have the option to take out protection up to £10 million in cover with us. Not only that, but our prices are affordable, and we take every step to create a personalised, adequate insurance policy for your trade business.

It Safeguards Your Business

While you may have the best safety measures in place through risk assessments, safety gear and regular checks, accidents can still happen in the trade industry. When they do, your business may be held responsible for any injuries or illnesses that occur on the job. Employers' Liability Insurance is a safety net that shields your business from the financial repercussions of such incidents. Without it, you could be forced to pay substantial compensation amounts out of your own pocket, potentially putting your entire business at risk.

At Rhino Trade Insurance, it's easy to take out Employers' Liability Insurance. You can simply add it to your current policy or call our lovely team based in Leicester. By ringing 0116 243 7904, you will be able to get a price for your policy in less than a minute, and you won't have to give us every last detail to get a quote

It also Covers Legal Defence Costs.

Even if an injury claim brought against your business is unjustified or exaggerated, you'll still need to defend your company in court. Legal defence costs, such as court fees, can quickly add up, causing significant financial strain on your business. With Employers' Liability Insurance, these legal costs are covered, ensuring that you have the resources needed to mount a strong defence and protect your business's reputation.

It Allows Your Employees To Feel Safe

Knowing that they are covered by Employers' Liability Insurance can provide peace of mind to your employees. This security can lead to increased job satisfaction and morale, which can, in turn, improve productivity and the overall work environment. A workforce that feels cared for and protected is more likely to stay loyal and committed to your business.

It Offers Legal Protections for Part-Time and Temporary Workers

Employers' Liability Insurance doesn't just cover your full-time employees. It also extends to part-time workers and temporary employees who work on your behalf. This ensures that all individuals engaged in your trade business are protected in the event of a workplace accident or illness. It's crucial to recognise that even if you don't have permanent staff, you are still legally obligated to provide this coverage for anyone working under your direction or control.

Offers Financial Security for Your Business

No one can pinpoint when an accident will happen, and the financial burden of compensation claims can be substantial. Without Employers' Liability Insurance, your business may be forced to liquidate assets, take out loans, or even declare bankruptcy to cover the costs. Having this insurance in place ensures that your business's financial stability is protected, allowing you to continue operating even in challenging circumstances.

It Helps You Stay Compliant With Regulations

Last but certainly not least, having Employers' Liability Insurance is essential to comply with the regulations set by the UK Health and Safety Executive (HSE). The HSE is responsible for ensuring that workplaces are safe for employees, and they enforce regulations related to health and safety. Part of their oversight involves checking that employers have valid Employers' Liability Insurance in place. Failing to meet set regulations can result in further legal consequences and additional fines.

Get Your Employers' Liability Protection From Rhino Trade Insurance Today

In the dynamic and often unpredictable world of trade businesses in the UK, having Employers' Liability Insurance is not just a wise choice; it's a legal obligation that offers multiple benefits. 

From protecting your employees to safeguarding your business and maintaining regulatory compliance, this insurance is a critical component of a responsible and sustainable tradesman or woman. 

By investing in Employers' Liability Insurance, you not only fulfil your legal obligations but also show your commitment to the well-being of your employees and the long-term success of your trade business. Get a super-quick quote from Rhino Trade Insurance today by calling us on 0116 243 7904 or head over to our website here. 


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