Survey claims EL premiums still rising

Research by the British Chambers of Commerce has claimed that the cost of employers’ liability compulsory insurance continues to rise, despite businesses responding to risk assessment requirements.

The BCC report said the cost of employers’ liability compulsory Insurance has not stabilised, and premiums continue to rise, increasing pressure on UK businesses. In a survey of 600 of its members

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Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.

Stephen Wallace, McLarens

Steven Wallace is managing director of EMEA for global claims services provider McLarens and is the current president of the Chartered Institute of Loss Adjusters.

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