Employer’s Liability Insurance
Employer’s Liability: Employer’s Liability insurance covers damages, compensation costs and legal fees that a current or ex-employee is entitled to resulting from death, disease, illness or bodily injury that may have been caused while working for your business. It became compulsory in Cyprus on November 1, 1997 and minimum insured limits are determined.
The minimum limits of indemnity imposed by law are the following:
For each employee: €160,000
Per event or series of events: €3,415,000
Aggregate limit any one period of insurance: €5,125,000
However, higher limits can be provided upon request of the Insured depending on the nature of the respective business.