| Industry News |
|
| News » Employment Law » Amendment to employers' liability insurance certificates |
|
12/08/2008
Amendment to employers' liability insurance certificates |
|
Companies will no longer be required to display their employers' liability certificate as long as it is accessible to staff in electronic format.
The amendment to the Employers' Liability (Compulsory Insurance) Regulations 1998, which comes into force October 1st, also means that businesses will no longer be required to retain copies of their certificates for 40 years.
Employers are required by law to provide insurance against liability for injury or disease to employees arising out of their employment, mondaq.com reported.
A business can be fined up to £2,500 for every day they operate without the appropriate cover.
The 2008 regulations have come about as part of an initiative by the Department of Work and Pensions (DWP), which is trying to reduce the administrative burden placed on businesses by 25 per cent, which it says is costing around £71 million.
Mondaq.com explained that getting rid of the requirement for employers to retain employer liability certificates for a 40-year period may cause issues for those wanting to lodge 'long tail' industrial disease claims where illnesses may not appear for years.
However, it may make sense for the employer to ensure they have the appropriate insurance records as if none can be found then the employer must fit the bill for any claim. |
| |
| Related Articles |
12/01/2010
Firm faces discrimination claims over redundancies
Fujitsu is facing claims that its redundancy policy has deliberately targeted people from minority groups.
|
12/01/2010
Retirement age law change planned
The current compulsory retirement age of 65 should be abolished, according to a senior member of the government.
|
07/01/2010
Employees 'should be treated reasonably' in snow
Employees have a right to be treated reasonably by their bosses as the winter weather hits Britain, the Chartered Institute of Chartered Institute of Personnel and Development (CIPD) has said.
|
05/01/2010
Taxi firm caught out over equal pay
A taxi firm has lost a legal case for sex discrimination after paying a female employee, whose husband also worked for the company.
|
05/01/2010
Action urged on age discrimination
More action is needed to ensure age discrimination legislation is enforced, it has been argued.
|
News Archive