Employers liability insurance popularly known as EL is a compulsory form of insurance for business owners to take adequate protection for their employees. In fact in come countries, seeking enough insurance employers coverage is quite compulsory and stated under the law.
The basic purpose of taking EL is to cover any financial losses caused to the employees in case they need suffer any physical loss or injury. In such situations, insurers need to look after looses and pay the compensation simultaneously. It also covers issues including sexual discrimination, wrongful dismissal and others.
In these fats changing world, the nature of business has changed considerably, increasing the risk involved. Therefore, business combined insurance minimizes the risks in order to fulfill the ultimate goals of the company.