Workplace accidents to cost employers an extra 5% insurance

An announcement from the Department for Work and Pensions last Friday indicates the government is seeking to clawback or recover some of the NHS costs of treating individual who suffer as a result of an accident in the workplace, says the ABI. However, trade body officials at the Association of British Insurers say this attempt to claim back some of the cost is likely to push up the average cost of employers’ liability insurance by around 5%, at the same time as most employers already face rising premiums of between 10 –15% a year. Many of the current increases in EL insurance are tha...