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The Employers' Liability Tracing Office (ELTO) is an independent UK agency set up to provide insurance claimants and their representatives with online access to a database of Employers' Liability Insurance policies, so that people suffering from a disease/injury caused at work with a former employer can identify who provides their insurance.
However, UK statutes deploy two main definitions, of an 'employee' and a 'worker', with a different number of rights. The government may also pass secondary legislation to include specific groups of people into the 'employee' category. [3] An employee has all available rights (all the rights of a worker but also child care and job security rights).
In the UK in 2021, of the total working population 32.5 million people were employed, there was 4.2% unemployment, and 6.6 million trade union members. The average income was £30,472, and the average working week was 36 hours. [1] United Kingdom labour law regulates the relations between workers, employers and trade unions. [2]
The act was replaced by an expanded scheme under the Workmen's Compensation Act 1906, whereby insurance became mandatory on the part of the employers, thus introducing the first social insurance scheme into the British case. [4] The 1897 act only covered blue-collar, industrial workers.
The first basic categorisation of long-term insurance is between life and non-life business. Life insurance business is insurance that is contingent on human life. Examples would include a policy that pays out £100,000 if the policy holder dies within a specified time; a policy that pays out £100,000 in 10 years time, but will pay out £101,000 if the policy holder dies before the policy ...
Often, independent insurance agents will work with insurance intermediaries, who obtain quotes from multiple insurance providers and pass them off to the independent agent. Working with an insurance intermediary service allows the independent agent to review many quotes and offer their clients the best policy options available.
Willis Group Holdings plc was a multinational risk advisor, insurance brokerage and reinsurance brokerage company headquartered in the Willis Building in London. It was the third-largest insurance broker worldwide by revenues. [1] In 2016, the company acquired Towers Watson and was renamed Willis Towers Watson.
The Insurance Brokers (Registration) Act 1977 (c. 46) was an act of the Parliament of the United Kingdom. It set out a scheme for the regulation of insurance brokers, through registration with the Insurance Brokers Registration Council (IBRC). The Act was repealed in 2001, [1] and the IBRC dissolved. [2] [3]