The majority of businesses have a legal requirement to buy EL insurance. This cover will help you pay compensation if an employee is injured or becomes ill because of the work they do in the course of their employment. Claims examples include slips, trips and falls, employees being hit by moving objects and RSI from excessive computer use.
You can be fined £2,500 every day you are not properly insured. Also, should you refuse/be unable to supply a copy of your EL certificate to inspectors you may be fined a further £1,000.