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Posted By Stephen Bridgehouse
Does anyone have infomation on employer's liability insurance costs and their increase percentage? Have they doubled over the past 5 years?
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Posted By Jim Walker
I was reading something on the TUC website about this, earlier today. Evidently the costs in the UK are far lower than elsewhere.
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Posted By George Wedgwood
The 'Barbour Briefing' just arrived said:
Editorial comment:
The TUC wants employers to pay more to meet the costs of poor workplace health and safety.
While the average cost to the UK economy of workplace injury and illness is around £18 billion each year, British companies pay £70 in insurance for every employee to cover the annual cost of compensation claims of those injured at work.
According to the TUC, British employers pay less than their major competitors in most developed countries – 0.25% of the payroll compared with 1.5% to 2% in these other countries. The HSE estimates that, of the £18 billion cost, employers pay between £3.3 billion and £6.5 billion with the rest being met by the Government and the victims. Businesses have complained that employer liability premiums have increased too much.
The TUC believes that the UK needs to introduce a system where the ‘perpetrator pays’ so that businesses are encouraged to prevent injuries and ill health at work. However, increasing premiums to cover these costs will surely fuel existing concerns about the escalating cost of insurance, which, for some businesses, is already too high.
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