The Employers’ Liability (Compulsory Insurance) (Amendment) Regulations 2008 came into force on the 1st of October 2008.

Employers are now no longer required by law to keep their Employers Liability certificates for 40 years. However Residentsline would continue to recommend that certificates are kept indefinitely, as claims from many years ago can still be made.

The new legislation also permits the use of electronic copies of Employers’ Liability certificates, as long as employees still have access to the information. Some companies may continue to display certificates in a communal area but it is now possible to add an electronic version to an intranet site or website and still comply with the law.

Employers’ Liability is a compulsory insurance requirement for any company with employees. Failure to have cover in place could result in a fine of up to £2,500 per day for each day that cover is not in place.

Residentsline’s Blocks of Flats insurance policy comes with Employers Liability cover of £10,000,000 as standard, for a quotation go to
http://www.residentsline.co.uk/buildings_insurance.htm

www.flat-living.co.uk is an Introducer Appointed Representative for Residentsline Ltd which is authorised and regulated by the Financial Services Authority