The "Compulsory Insurance Employers' Liability (Amending) Law of 2011" and the "Compulsory Insurance Employers' Liability (Amending) Regulations of 2011".
The purpose of the amending legislative package is to amend the basic Compulsory Insurance Employers' Liability legislation, so as to make it tighter and more effective in regard to the obligation of employers to insure their liability vis a vis their employees. According to the provisions of the new section 15A, the insurance companies would be required to provide to the Director of Social Insurance Services the information listed in the “Application Form EE2” (see the Compulsory Insurance Employers' Liability Regulations of 1997), which will be recorded in the Register of Insured Employers, to be kept by the Director of Social Insurance. The Department of Social Insurance will compare that information with the registry already maintained for purposes of payment of social security, in order to identify those employers who do not comply with the provisions of the law. Furthermore, tougher penalties are introduced, with regard to employers who fail to insure under the provisions of the law. In addition, a minimum amount of liability of the employer is transferred from the Compulsory Insurance Employers' Liability Regulations of 1997, under this law. Also, the minimum amount which an employer is required to insure the liability of employees for each accident or illness is increased from fifty thousand pounds (£ 50.000) (i.e. around eighty-five thousand euros € 85.000), to one hundred and sixty thousand euro (€ 160.000), including interest and expenses in respect of each employee.