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Admin		#1 Posted : 25 January 2006 13:05:00(UTC)
Rank: Guest		Posted By R. C. Hodson The Company i currently work for are thinking of taking Employers Liability cover on themselves due to the insurers putting the cost up, following a fatality in 2004. The Company has the money to do this with some ease but is this a wise idea? Any thoughts welcome, Ryan.
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Admin		#2 Posted : 25 January 2006 13:20:00(UTC)
Rank: Guest		Posted By Paul Leadbetter How about going halfway and trying for a reduction in premium by accepting a larger excess on each claim? Paul
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Admin		#3 Posted : 25 January 2006 13:29:00(UTC)
Rank: Guest		Posted By Arran Linton - Smith Your employer must use an authorised insurer and they must check that their insurer is authorised before they take out employers’ liability insurance. Authorised insurers are individuals or companies working under the terms of the Financial Services and Markets Act 2000. See: http://www.hse.gov.uk/pubns/hse40.pdf
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Admin		#4 Posted : 25 January 2006 13:48:00(UTC)
Rank: Guest		Posted By peter gotch Hi Ryan, Not a lot of companies have this choice by law. The Act and associated Regulations sets out who can self-insure. In general would not permit a company to do so. Regards, Peter
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Admin		#5 Posted : 25 January 2006 14:04:00(UTC)
Rank: Guest		Posted By Salus Hi Ryan, I think in the not to distant future it will be a requirement , like the money making idea, CSCS cards,which I have not seen enhance H & S on site, for every employee to have their own liability insurance cover before being allowed to work on site, this will be instigated by the UK's main contractors after deals have been made with their insurers.
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Admin		#6 Posted : 25 January 2006 15:21:00(UTC)
Rank: Guest		Posted By Jonathan Sandler CMIOSH How can the company tender for works? that is is they do tender for works at all? Q. please provide copies of insurance certs. Surely the cost of insurance, even though high, would work out cheaper in the end at least there would still be a company at the end of it, explain that to the shareholders at the end of the year. Some members of staff could view this as a licence to print money.
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Admin		#7 Posted : 25 January 2006 16:32:00(UTC)
Rank: Guest		Posted By Chris Robinson Your employers also need to think of the potential liabilities in case of a major claim, involving many employees, as sadly, if rarely can occur. Think of the Motor claim on Gary Hart's insurance after he caused the rail crash near Selby, supposedly the largest ever UK motor claim. Even the large insurers take out Reinsurance to put a limit on their potential losses
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Admin		#8 Posted : 25 January 2006 17:00:00(UTC)
Rank: Guest		Posted By Smurfer You can just imagine it, can't you - company 'insures itself' and has a massive claim for a fatality/injury against it (lets say millions). Company decides to go into liquidation rather than pay up... Mmmmmm...
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Admin		#9 Posted : 26 January 2006 12:57:00(UTC)
Rank: Guest		Posted By R. C. Hodson Thats what im worrying about. The Company is owned and run by 5 Directors (all familey). I didnt think about the Major Incidents like that. The Directors are not talking about taking on all the insurance but kind of like a 3rd party insurance simply covering its own employees. The public and visitors and contractors will still be covered in the normal way, at least thats the `vibes` im getting. Ryan.
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Admin		#10 Posted : 26 January 2006 13:13:00(UTC)
Rank: Guest		Posted By Bill Elliott The attached link should help you and your employers www.hse.gov.uk/pubns/hse40.pdf
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Admin		#11 Posted : 26 January 2006 14:01:00(UTC)
Rank: Guest		Posted By Ron Hunter The '98 Regs (which set out the exemptions) are available at opsi.gov.uk. Note that this is Compulsory Insurance! Can't see how this would satisfy the enforcing authorities - e.g. how could this family of directors ensure that they could fully meet any claim arising 40 years from now?
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