What type of liability insurance is compulsory by statute for a company employing 100 people?

Employers' liability insurance is mandated by law for companies employing a certain number of staff, typically set at 100 or more in many jurisdictions. This insurance protects businesses against claims for injuries or illnesses that employees may suffer as a result of their work. The requirement exists to ensure that employees have a safety net in place, enabling them to claim compensation if they are harmed while on the job, which underscores the employer's responsibilities regarding workplace safety.

The other options do not represent compulsory insurance requirements for most companies. Products liability concerns claims related to injuries or damages caused by products sold to consumers, but it is not a statutory requirement for all businesses. Professional indemnity insurance is designed to protect professionals against claims of negligence or inadequate work, but it is typically required only for specific professions, such as lawyers or consultants. Public liability insurance, while it covers claims from the general public for injuries or damages due to business operations, is not universally required by law, and its necessity often depends on the nature of the business and specific licensing or regulatory conditions.