Not having sufficient employers’ liability insurance cover can result in your business being on the receiving end of fines.Also, if an employee makes a claim against you, your company will have to foot the bill for compensation and legal costs, as opposed to your insurance company handing it. Many business owners don’t realise that even a single claim can have enough financial impact to drive a small or medium-sized business into insolvency.Insurance cover can be quite expensive but don’t take the risk; always make sure you at least have employers’ liability insurance, as in most cases, it is required by law to have it.