Through Laiki Insurance we are offering comprehensive insurance policies aimed to satisfy any and all of your insurance needs.

Liability Insurance indemnifies the Insured against his liability at law to pay damages to third parties in respect of bodily injury, death or illness or property damage caused by his acts or omissions.

Employers Liability
An Insurance policy covering the Insured`s legal liability arising out of his negligent acts or omissions in connection with the employment of persons. This type of cover is included in the Home and Office Policies as an optional cover and as a basic cover in Shop policy.

According to the provisions of the Employer`s Liability Compulsory Insurance Act 1997 all Employers are required by law to effect Employer`s Liability Insurance.

What does the Employers’ Liability Insurance Cover?

  • The Policy indemnifies the Employer against his legal liability to pay compensation in respect of bodily injury, death, disease or illness caused by accident to any employee, arising out of and in the course of his employment by the Insured.
  • Limits of Indemnity as specified by Law
  • Single Employee Limit € 85.430
  • Limit of Indemnity € 3.417.203
  • Aggregate Limit of Indemnity € 5.125.804


* There is an option available to increase the Single Employee Limit to €170.860

What does the Employers’ Liability Insurance exclude?

The policy is subject to certain exclusions, some of which are:

  • War, acts of terrorism, loss, damage or liability arising from nuclear weapons material and radioactive contamination.
  • Liability to subcontractors’ employees.
  • Liability arising from the use of Motor Vehicle.
  • Liability assumed under agreement.
  • Fines, penaltie.
  • Asbestosis


Who can Benefit from the Employers’ Liability Insurance?

  • Individuals with domestic employees, shopkeepers, factory owners, hoteliers and others (professionals, businessmen, organisations) who employ persons for more than 8 hours per week
  • Some Advantages of the Employers’ Liability Insurance
  • Option to choose an increased limit of indemnity for the cover of each employee
  • Cover for Cypriot employees who work abroad


Some Advantages of the Employers’ Liability Insurance

  • Option to choose an increased limit of indemnity for the cover of each employee
  • Cover for Cypriot employees who work abroad
     
Last Updated: 2010-11-22 12:28:25