Employer’s Liability Insurance is one of the most crucial forms of insurance coverage for any business operating in Cyprus. It is not only a legal requirement but also a meaningful act of protection for your company’s workforce. In any workplace, where accidents and occupational illnesses can have serious consequences, this insurance ensures that employers can meet their obligations to employees without jeopardizing the sustainability of their business.
In the Republic of Cyprus, Employer’s Liability Insurance is mandatory under the Employer’s Liability Insurance Law of 1989 (Law 174/1989) and its amendments. Every employer who hires at least one employee—either full-time or part-time (working more than 8 hours per week)—is required to maintain an active Employer’s Liability Insurance policy.
Failure to comply with the law constitutes a criminal offense, punishable by up to 12 months imprisonment, a fine of up to €5,000, or both.
Who Needs This Insurance?
This insurance is intended for any individual or legal entity employing staff in Cyprus. Indicatively, it applies to:
It’s important to note that the obligation also extends to employers who hire temporary or seasonal workers.
Employer’s Liability Insurance provides coverage for:
Bodily injury or death of an employee resulting from a workplace accident or occupational disease
Compensation, medical expenses, and legal costs arising from relevant claims
€160,000 per employee
€3,415,000 per incident or series of incidents
€5,125,000 total coverage per insurance period
Minerva Insurance also offers optional packages with higher limits and additional coverages, tailored to your business needs.
Basic coverage does not include:
Learn more in IPID here.
To ensure that your coverage remains valid and effective, the employer must:
Accurately declare the number of employees and gross wages
Maintain all required safety measures in the workplace
Immediately notify the insurance company of any accident or claim
Avoid admitting liability or making settlements without prior insurer approval
Keep the policy active and visibly display the insurance certificate in the workplace
Employer’s Liability Insurance is an essential safeguard for every employer in Cyprus. Ensure compliance with the law and protect the smooth operation of your business with the support and reliability of Minerva Insurance.
Learn more about our Employer’s Liability Insurance program
Request your free quote or call us at 77771414