cryptohunter
Active member
- PPF Points
- 2,738
If a company has employees in the Uk there are specific rules about insurance to keep everyone safe and follow the law. One musthave insurance is called Employer's Liability Insurance. It covers the company if an employee gets hurt or sick because of work and decides to ask for money. In the UK, the least amount of coverage needed is £5 million. If a business doesn't have this insurance, it can get hit with big fines.
Besides the must-have insurance, there are other types that are a good idea. Like Public Liability Insurance, which helps if someone who's not an employee (like a customer) wants to make a claim. And there's Group Personal Accident Insurance, which gives money to employees if they get hurt on the job.
Following these insurance rules is really important for UK businesses. It's not just about following the law; it's about making sure employees are financially protected and keeping the business strong, especially when unexpected things happen.
Besides the must-have insurance, there are other types that are a good idea. Like Public Liability Insurance, which helps if someone who's not an employee (like a customer) wants to make a claim. And there's Group Personal Accident Insurance, which gives money to employees if they get hurt on the job.
Following these insurance rules is really important for UK businesses. It's not just about following the law; it's about making sure employees are financially protected and keeping the business strong, especially when unexpected things happen.
