Curiously, in 2024, the cost of insuring a single employee with moderate risk in the United Kingdom was slightly lower than lower risk occupations. At this time, employers' liability insurance costs an average of one British pounds more for a single officer worker in a lower risk occupation, and four British pounds more for a non-office employee in a lower risk job. This counterintuitive anomaly did not persist when the insurance was for two or more employees.
Average cost of employers' liability insurance in the United Kingdom (UK) in 2024, by type of risk
(in GBP)
*Source gave a range for the value of higher risk with five employees, so the midpoint value was included in the statistic.
According to the source, values are the average of hundreds of quotes across lower, moderate, and higher-risk businesses and sole trader, partnership and limited company business types for an average risk location.
The examples provided of each occupational risk level are:
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NimbleFins. (May 9, 2024). Average cost of employers' liability insurance in the United Kingdom (UK) in 2024, by type of risk (in GBP) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1198372/average-annual-cost-employers-liability-insurance-uk-risk/
NimbleFins. "Average cost of employers' liability insurance in the United Kingdom (UK) in 2024, by type of risk (in GBP)." Chart. May 9, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1198372/average-annual-cost-employers-liability-insurance-uk-risk/
NimbleFins. (2024). Average cost of employers' liability insurance in the United Kingdom (UK) in 2024, by type of risk (in GBP). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1198372/average-annual-cost-employers-liability-insurance-uk-risk/
NimbleFins. "Average Cost of Employers' Liability Insurance in The United Kingdom (Uk) in 2024, by Type of Risk (in Gbp)." Statista, Statista Inc., 9 May 2024, https://www.statista.com/statistics/1198372/average-annual-cost-employers-liability-insurance-uk-risk/
NimbleFins, Average cost of employers' liability insurance in the United Kingdom (UK) in 2024, by type of risk (in GBP) Statista, https://www.statista.com/statistics/1198372/average-annual-cost-employers-liability-insurance-uk-risk/ (last visited November 22, 2024)
Average cost of employers' liability insurance in the United Kingdom (UK) in 2024, by type of risk (in GBP) [Graph], NimbleFins, May 9, 2024. [Online]. Available: https://www.statista.com/statistics/1198372/average-annual-cost-employers-liability-insurance-uk-risk/
