How much does employers' liability insurance cost?
Employers' liability insurance typically costs between £50 to £200 annually for small UK businesses, though the exact amount depends on your industry risk level, number of employees, and coverage requirements. Understanding how much is employers liability insurance helps you budget effectively whilst meeting your legal obligations under UK employment law, as this cover is mandatory for most employers with staff.
The price of your employers' liability insurance will vary, depending on the number of employees you have, the industry you operate in, as well as the type and level of risk your business faces most often.
To give you a rough idea, here are a few examples of the approximate costs you can expect to pay:
- According to AXA, 10% of their employers' liability insurance customers paid £42 or less for their cover in 2020
- NimbleFins [indicated](https://www.nimblefins.co.uk/business-insurance/employers-liability-insurance-uk/average-cost-employers-liability-insurance-uk#:~:text=The average cost of employers,expensive types of business insurance.) that the average cost of employers' liability insurance ranges from about £61 per year for a single office worker, up to £213 or more for a trade worker for a small to medium-sized business in the UK.
To obtain a more accurate estimate, your best option would be to run an online quote with the insurance provider you're looking to purchase from.
The price of your employers' liability insurance will vary, depending on the number of employees you have, the industry you operate in, as well as the type and level of risk your business faces most often.
To give you a rough idea, here are a few examples of the approximate costs you can expect to pay:
- According to AXA, 10% of their employers' liability insurance customers paid £42 or less for their cover in 2020
- NimbleFins indicated that the average cost of employers' liability insurance ranges from about £61 per year for a single office worker, up to £213 or more for a trade worker for a small to medium-sized business in the UK.
To obtain a more accurate estimate, your best option would be to run an online quote with the insurance provider you're looking to purchase from.
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