An alarming number of companies are trading without employers' liability (EL) cover, warns Singer & Friedlander Insurance Finance.

The company said many businesses were struggling to find the money to pay for EL cover, due to sharp increases in premiums.

Singer & Friedlander said brokers could help businesses by offering monthly instalments as opposed to a one off payment for EL cover.

Brian Farrington, assistant director sales and marketing for the firm, said premium funding could be tailored to each company, letting brokers provide an added value service.

Singer & Friedlander put the rise in EL premiums down to an increase in successful claims.

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