The protection of the employees as well as providing them a healthy and safe working environment, is a personal obligation of each employer and this is confirmed by the employer’s liability compulsory insurance law of 1989 (law 174/1989 - 2011).
G.A.P Vassilopoulos acting as Coverholders on behalf of Lloyds Insurance company S.A. has been providing ‘A’ Rated Employers Liability products to the Cyprus Market for the past 40 years.
Our Employers Liability policy covers the Insured’s legal liability towards their employees for Accidents and Occupational Diseases.
The minimum limits of liability that the employer is obliged to have by law are the following:
For each employee: | 160.000 € |
Per event or series of events arising out of the same cause: | 3.415.000 € |
Aggregate limit any one period of insurance: | 5.125.000 € |
The Insured has the option to select higher limits of liability than those specified by law.
Employers Liability Certificate of Insurance
When you take out or renew the policy, besides the standard policy documentation you will also be provided with a Certificate of Employers’ Liability Insurance. By law this certificate must clearly display the minimum level of cover provided and the companies covered by the policy. A copy of the certificate of insurance must be displayed where it can be easily read by your employees. From 1 October 2008, the regulations also allowed employers to display the certificate electronically. Employers choosing this method need to ensure their employees know how and where to find the certificate, and have reasonable access.
Contact Us
Contact us at 77 77 77 75 or show your interest by sending an enquiry.
* GAP Vassilopoulos reserves the right not to accept any risk or to accept it conditionally.
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