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Dairyland Insurance, Dairyland Insurance Review, 3.02 MB, 02:12, 466, WalletHub, 2021-11-12T20:42:43.000000Z, 19, , , , , , 0, dairyland-insurance, KAMPION
There are multiple benefits to claim depending on group term life, personal accident, or group insurance plans. Employees get to secure their families free of cost. Income tax benefit as defined in section 80c of the income. Without employer’s liability insurance, you’d have to pay for these legal costs out of pocket, which can get very expensive.
If you have no employees, or are a family business and all employees are closely related to you, you may not need it. For further details, see our leaflet employers' liability (compulsory insurance) act 1969: A brief guide for employers. How do you get employers' liability insurance? You can buy employers' liability insurance through insurers. Uk law says that all businesses must have employers’ liability in place. The law doesn’t just cover formal employees. It is a benefit provided by an organization to its employees. Presently, this kind of insurance is most relevant because it works as a tool to retain old employees and attract new employees.