Employers liability insurance for very short roles

[NickGrogan]

I am looking for employers liability insurance for roles that will last 1 week only.

Cheapest option needed, only needs to cover the legal minimum.

Potentially a lot of customers to refer.

 

[Ozzy]

@Frank the Insurance guy perhaps

 

[Frank the Insurance guy]

Hi @NickGrogan

Thanks for the direct message - for the benefit of other members:

Key issue is what are the temp employees doing in what industry?

If non-manual premiums will be cheap, but if manual (eg.construction), premiums will be higher.

Either way. its unlikely that a temporary policy will be available, as not enough premium in it for insurers.

Most economic way to do this is to arrange an annual policy and then cancel once the work is over - they should get some refund, but after insurers/brokers admin charges are taken into account.

Cheapest way to get an annual policy is for them to arrange it themselves via an online site such as simply business (far less admin charges than going through a broker!).

For a single employee - annual premiums could be less than £100, but going through a broker could add another £100 in broker charges!

Even if you had a 100 potential referrals, the admin costs for a broker would need to cover the brokers work involved,

 

[NickGrogan]

Hi @NickGrogan

Thanks for the direct message - for the benefit of other members:

Key issue is what are the temp employees doing in what industry?

If non-manual premiums will be cheap, but if manual (eg.construction), premiums will be higher.

Either way. its unlikely that a temporary policy will be available, as not enough premium in it for insurers.

Most economic way to do this is to arrange an annual policy and then cancel once the work is over - they should get some refund, but after insurers/brokers admin charges are taken into account.

Cheapest way to get an annual policy is for them to arrange it themselves via an online site such as simply business (far less admin charges than going through a broker!).

For a single employee - annual premiums could be less than £100, but going through a broker could add another £100 in broker charges!

Even if you had a 100 potential referrals, the admin costs for a broker would need to cover the brokers work involved,

Hi Frank

Might as well reply here.

Work will be non manual, remote and for a short period of time.

About as low risk as you can get.

I'll look into the buy then cancel option as that seems best.

I'd start an insurance company because the risks are so low, but that looks to be really expensive.

Admiral ads are showing some good prices, but their site seems to be down.