Nicosia, Cyprus. Labour Minister Marinos Mousiouttas said about half of registered employers in Cyprus do not have contracts for compulsory employers’ liability insurance. He provided the figures in response to a written question from Disy MP Nikos Georgiou.
Insurance coverage figures
Mousiouttas said that 66,711 entities were registered as employers in Cyprus at the end of last year, and that 35,521 have contracts to pay employers’ liability insurance.
He also said 15,101 companies have their sole director as their only employee. He added that 30,042 employers of domestic workers are registered, and that 19,158 of them pay employers’ liability insurance.
Exemptions and ministry position
Mousiouttas said some employers without contracts may fall under exemptions to the regulations requiring employers to pay employers’ liability insurance.
He added that his ministry “considers it necessary to fully implement the … legislation” and recommends that employers “immediately comply” with it.
Georgiou’s response
Georgiou told business news website Stockwatch that “the numbers speak for themselves” and said that “only half of employers have complied with the provisions of the legislation, with the obvious conclusion that only 50 per cent of employees are insured in the event of an accident while performing their work”.
The report noted this is not necessarily the case, given that not all companies are the same size.
Georgiou said his purpose was to highlight “the distortion and non-implementation of the legislation concerning mandatory employers’ liability insurance”.
What steps do you think should be taken to improve compliance with compulsory employers’ liability insurance in Cyprus?
