Employers Liability

Employer’s liability insurance is designed to cover compensation expenses in the event that an employee falls ill or is injured due to their work. This insurance program covers both compensation and legal expenses, up to the amount specified in the contract.

The minimum coverage limits, as mandated by law, are:

• €160,000 per employee.
• €3,417,203 per incident.
• €5,125,804 per insurance period (one year).

There is also the option to increase the compensation limits to meet the individual needs of each employer. The policy offers coverage abroad, provided that the insured has permanent residence in Cyprus.

However, certain exclusions apply, such as:

• War and acts of terrorism.
• Loss, damage, or liability arising from the use of nuclear weapons or materials, as well as contamination by radiation.
• Liability for employees of subcontractors.
• Liability arising from the use of motor vehicles.
• Fines and penalties.
• Liability arising from contractual obligations.
• Asbestosis.

Employer’s liability insurance is suitable for professionals, business owners, or organizations that employ staff for more than 8 hours per week, as well as for individuals with domestic staff, shopkeepers, factory owners, hoteliers, and all employers.