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EMPLOYER’S LIABILITY INSURANCE

Our Employer’s Liability Insurance is designed to protect employers from liabilities arising from disease, fatality or injury to employees due to workplace conditions or practices. It is compulsory to have employer's liability insurance in Cyprus if you have someone working under your supervision.

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EMPLOYER'S LIABILITY INSURANCE COVERS THE FOLLOWING CATEGORIES

Full-time and part-time employees

Self-employed contractors you hire

Temporary staff, apprentices and volunteers

FAQ

Do I need an employer’s liability insurance in Cyprus?
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In Cyprus, the employer’s liability insurance is compulsory for all companies. It covers the employer against lawsuits by employees for fault or negligence. The minimum requirement limits of liability are: (a) for each accident or disease in relation to each employee, the minimum coverage limit amounts to €160,000 (b) for each incident or series of incidents arising from the same cause, the minimum coverage limit amounts to €3,415,000 (c) for each insurance period, the minimum coverage limit amounts to €5,125,000
Are companies without employees obliged to have employer's liability insurance?
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No! In case the director is also the company’s sole employee, then there is no obligation to have this insurance.
I cooperate with freelancers. Do I need this insurance?
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You are obliged to have employer's liability insurance only in the case of employees who are registered with the Social Insurance Authorities of Cyprus. Freelancers cooperating with you will have to have this insurance if they have individuals working for them.
What will happen if during the year I get more employees?
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At the renewal of their contact, many insurance companies request the number of the previous year’s employees so as to ask for retroactive premiums in case of an increase. According to our company’s policy, at the renewal of the contract we request the number of current employees, thus only adjusting your future premium.
What determines the price of the Employer’s Liability Insurance?
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The main three factors determining the cost is the number of individuals employed by the company, the nature of their work (manual, clerical) and their salary.
What documents are needed for employer's liability insurance?
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The company’s registration number at Social Insurance. A list with the total number of your employees, their salaries and the nature of their work (manual, clerical). Additionally, we need a copy of all documents pertaining to your company’s registration including the company’s registration number, the shareholders and its address. Finally, we need a utility bill (e.g. electricity, telecommunication) with the company’s name and address clearly stated on it.
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Employers Liability Insurance in Cyprus in 2024. A complete guide.

Employers Liability Insurance Cyprus Business owners in Cyprus need employers liability insurance to protect them from lawsuits arising from employee work-related injury or illness claims. Without employers liability insurance, your business would be responsible for legal costs, such as lawsuits, attorney fees, and settlements. It’s important to note that employers liability insurance isn’t the same as group health insurance. While group health insurance helps to pay for employees’ medical expenses, employers liability insurance helps to pay for legal costs.

Employers' Liability Insurance FAQ

When you have employees, their health and safety while at work should be of the utmost importance. To ensure that, all employers are required by law to obtain an Employers' Liability insurance so as to be covered in case there is a work-related injury or illness. 1.What is Employers' Liability insurance? Employers’ Liability is a key type of insurance which safeguards businesses and any other type of employers from legal liability and damages if any of their employees sustains bodily harm, illness or fatal injury in the course of their employment.

Employers' liability insurance in Cyprus

With this article, Pitsas Insurances aims to provide its readers with the most essential information about the purpose and features of employers' liability insurance in Cyprus. In accordance with the Legislation of the Republic of Cyprus, starting from 01.01.1997, all the employers operating in Cyprus are required to conclude an Employer’s Liability Insurance Contract with an authorized licensed insurance agency. It is the employer's responsibility to check whether the insurance agency with which the Insurance Contract is concluded is authorized.

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