Exchequer Risk Management
No.3 Siskin Drive, Coventry, CV3 4FJ
Opening Hours: 8:30am - 05:30pm

Combined Liability

Combined Liability is tailored protection cover your business on all multiple liability risks.

01

Public Liability

Our policy can insure you against legal liability for death or injury to third party persons. This includes damage or physical loss of material property in connection with the business.

02

Product Liability

Product liability insurance covers the cost of compensation for personal injuries and property damage caused by your faulty product, including unforeseeable circumstances that your quality control system couldn't identify.

03

Employers Liability

We can protect you against claims arising out of injury or illness to employees during their employment. Employers Liability is also a legal requirement for UK employers to have.

What Is combined liability Insurance?

Combined Liability insurance is an insurance policy that can be tailored to cover all your business risks. It primarily consists of a combination of:

Public Liability

This protects the insured against all legal liability for death or injury to third party persons. It also includes damage or physical loss of material property in connection with the business.

Product Liability

This protects the insured against all legal liability for death or injury to third party persons, caused by any product supplied and or accidental damage to third party property.

Employers Liability

 This provides cover in respect to claims arising out of injury or illness to employees in the course of their employment. In terms of legality, this is compulsory for any UK employer to provide cover for.

What are the benefits of Combined Liability Insurance?

Purchasing all types of insurance cover in one policy, instead of individually, can save time and money, and when it comes to renewing your insurance, you will have only one date to remember and one premium to pay.
By combining a variety of beneficial insurance policies under one policy, it makes the claims process, as well as the renewal process, considerably easier.
Moreover, due to its bespoke cover, premiums can be added to, and taken away from, so that it becomes a more cost-effective solution as your business grows or diversifies.

What does Employers Liability insurance cover?

Employers liability insurance covers the costs that arise from claims made by your employees if they’ve been injured or fallen ill as a result of working for you. In practice, this means the following:

  • Legal Costs: Covers the costs of settling or defending claims made by employees
  •  Medical bills: Covers the costs of medical treatment for sick or injured employees
  •  Compensation: If you end up losing a claim in court, compensation will also be covered
  •  Lost income: This type of policy will also cover income employees lose while they’re laid up
  •  Casual Workers: Most casual workers may also be covered

Who is exempt from Employers Liability insurance?

Employers’ liability insurance is a legal requirement for almost every business, but there are exceptions:

  •  Certain limited companies: A limited company with one employee who also owns more than 50% of the shares is exempt
  •  Sole Traders: If you work on your own and do not employ anyone else for any work, you do not need this cover
  •  Family Members: Companies where all employees are direct family members are free from employers’ liability cover
  •  Public Bodies: Many public organisations, health services and government bodies are insured in a different way
icon Why is Employers Liability essential?

You must get Employers Liability insurance as soon as you become an employer and your policy must cover you for at least £5 million and come from an authorised insurer.
You can be fined £2,500 every day you are not properly insured.
You can also be fined £1,000 if you do not display your Employers Liability certificate or refuse to make it available to inspectors when they ask.

For more information, talk to our team of Experts

What does Product Liability insurance cover?

Product liability insurance can pay the legal fees and compensation costs if someone sues you for injury or damage.
You’re likely to be liable to pay these compensation costs if you manufacture the products you sell, but you could also be liable if the products bear the name of your business or if you’ve repaired or refurbished them.
You may also be liable if the manufacturer can’t be traced or has gone out of business.

Do I need Public Liability insurance?

Public liability insurance is not a legal requirement, but it is considered an essential among business owners, and in some professions you may find it impossible to trade without it.
Some clients may stipulate that you must have a minimum level of public liability insurance in place before you can work for them, and you will almost certainly need public liability cover for public sector work. It’s even possible you could be pursued by the NHS to cover the cost of medical treatment received by the individual who was hurt.

What can Public liability insurance cover?

Compensation claims

Cover can help pay any compensation claims made by a third party, like a customer or member of the public.

This can protect you against damage done by accident. This includes damage to the building and its fixtures and fittings.

If you must go to court, your legal fees could be covered to help keep your costs down.

If your business uses tools, you can add tool cover to your public liability insurance. This can protect you from the cost of replacing damaged or stolen equipment.

You may be covered for the costs of treatment and transport if a third party is hurt on your site, or due to your business.

It can cover the cost of compensation claims, if an employee suffers an injury or death as a result of negligence.

Combined Liability Insurance FAQs

What types of liability insurance are available in the UK?

In the UK, common types of liability insurance include general liability insurance, purblic liability insurance, product liability insurance, and employers liability insurance. Each type of insurance provides coverage for specific risks and liabilities faced by businesses or individuals.

The amount of liability insurance coverage you need depends on various factors, including the nature of your business or activities, the level of risk involved, and legal requirements. It’s essential to assess your potential liabilities carefully and consult with an insurance advisor to determine the appropriate level of coverage for your specific circumstances.

While liability insurance requirements vary depending on the type of business or activity, some forms of liability insurance are mandatory in the UK. For example, employers liability insurance is legally required for businesses that employ staff, and certain professions may have legal or regulatory requirements for professional liability insurance. It’s crucial to understand the legal obligations relevant to your situation and ensure compliance with applicable laws and regulations.

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