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700 70 500

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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 this type of insurance in Cyprus if you have someone working under your supervision.

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THE INSURANCE POLICY COVERS THE FOLLOWING CATEGORIES

Full-time and part-time employees

Self-employed contractors you hire

Temporary staff, apprentices and volunteers

FAQ

Frequently asked questions about this product.

Do I need an employer’s liability insurance for my company?
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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.
Are companies without employees obliged to have this 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 this 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 this 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.

Ready to talk to us? Interested in visiting?
Contact [email protected] or
call us on 700 70 500