What we Offer
Liability Products
The following products are available exclusively through licensed insurance intermediaries. Contact your broker for a quote. If you don’t have a broker, contact us to assist you.
Employers Liabiilty
Public/Products Liability
Employers Liability
The need for Employers Liability Insurance
Employers Liability insurance was made compulsory in almost all situations by the Employers Liability Act 1969. The main exemptions are, companies with no employees and family businesses that employ only family members.
Employers Liability insurance is there to protect employees if they are injured or become ill as a result of working for a UK employer.
What is covered?
This insurance covers damages, compensation costs and legal fees if an employee or an ex employee claims for compensation for any work related injury. This would include, full-time, part-time, hired self employed contractors, temporary staff, apprentices and volunteers.
Indemnity Limits
The minimum limit of indemnity required under the Act is £5m, although standard limits of indemnity available from Gem are £10m. Although, we are able to offer up to £25m, if required.
Public/Products Liability
Public Liability Insurance
Unlike Employers Liability, Public Liability insurance is not compulsory in the UK. Public Liability insurance covers the cost of compensation claim made by any third party, business or individual that has suffered injury and or property damage as a result of the business activities. A Public liability insurance policy would protect the policyholder against the cost of compensation as well as legal costs incurred in the claims process.
Indemnity Limits
Limits of indemnity available from Gem are up to £25m.
Products Liability Insurance
Products liability insurance is insurance designed to cover the cost of compensation claims made by any third party, business or individual who has suffered injury & or property damage by any product the business has manufactured, sold or supplied. A policyholder may also be liable even though the product was manufactured by another company, bear the policyholders name or been refurbished or repaired by the policyholder.
Indemnity Limits
Limits of indemnity available from Gem are up to £25m.
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At Gem Underwriting Agency Ltd, we're not just another insurance provider; we will become your trusted partner in navigating the complex world of insurance. Discover the Gem difference today.
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Gem Underwriting Agency Ltd is an Appointed Representative of Bannerman Rendell Limited who are authorised and regulated by the Financial Conduct Authority to conduct insurance distribution activities. Our registered number is 986425. You can check this by visiting www.fca.org.uk/firms/financial-services-register or by contacting the FCA on 0800 111 6768.
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