Insurance is considered to be an important contributor to the economy of United Kingdom for its overseas earnings and creation of huge employment opportunities.
The Insurance industry in United Kingdom is considered as the largest in Europe and third largest in the world.
Among various Insurance types Employer's liability Compulsory Insurance which follows employer's liability Compulsory Insurance Act 1969 is a guide for the employers. Under this category most employers are required by the law to insure against liability for injury or disease to their employees arising out of their employment.