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The Employers' Liability (Compulsory Insurance) General (Amendment) Regulations 1994
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- 1994 No. 3301
- Regulation 2
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Amendment of the Employers' Liability (Compulsory Insurance) General Regulations 1971
2. For regulation 3 of the Employers' Liability (Compulsory Insurance) General Regulations 1971(1), there shall be substituted the following regulation:
“Limit of amount of compulsory insurance
3.—(1) Subject to paragraph (2) below, the amount for which an employer is required by the Act to insure and maintain insurance shall be two million pounds in respect of claims relating to any one or more of his employees arising out of any one occurrence.
(2) In the case of a company with subsidiaries, it and its subsidiaries shall be deemed to have satisfied the requirement in respect of the limit of the amount of compulsory insurance prescribed in paragraph (1) above, if it insures and maintains insurance (where required) for itself and on behalf of its subsidiaries for the amount mentioned in that paragraph in respect of claims relating to any one or more of its own employees and to any one or more employees of its subsidiaries arising out of any one occurrence.In this paragraph, the expressions “company”and “subsidiaries” have the same meaning as in section 736 of the Companies Act 1985(2).”
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