Employer’s Liability Insurance

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Description

It covers the costs when, and if an employee asks for compensation for an illness or injury caused by their work and that you didn’t take all the measures to avoid any possible accidents.

The insurance policy covers compensation payments and legal costs up to the policy limit. The minimum coverage limits, as required by law, are as follows: (1.) €160,000 for each individual employee, (2.) €3,417,203 per incident, and (3.) €5,125,804 for the entire insurance period (one year). Additionally, you have the option to
increase the indemnity limits to suit your specific needs. The policy also provides coverage abroad for employees who are permanent residents of Cyprus.