Industry News
New technologies, changes in our society and environment present new opportunities, but also harbour new risks. We support our clients and help them to identify new risks at an early stage. Changes in legislation including new business laws, and Case law, affect the way all businesses operate.
Employment Tribunals – a drain on company resource
The Ministry of Justice has published its latest report on the cost of Employment Tribunal and Employment Appeal Tribunal cases in the UK for the period April 2012 to March 2013. This shows that there has been a 3% increase in tribunal claims compared with the same...
Perils of Underinsurance
Too many businesses are risking their survival and making it difficult to bounce back successfully from a major claim. A significant problem is underinsurance and brokers and their clients need to work together to ensure that when a loss occurs the insurance policy...
Riot Reforms – Riot Damages Act 1886
Following calls from the insurance industry for urgent government reforms relating to riot damage, the government has announced a review of the Riot Damages Act 1886. The Association of British Insurers responded quickly to the riots and have now settled over 98% of...
Strict Liability – Employers Claims
There have been recent steps by the government towards an abolition of strict liability in Employers’ Liability cases by introducing a clause into the Regulatory Reform Bill. The Act has now received Royal Assent and its aim is to remove the right of civil action...
Contaminated Products Insurance – Protecting Your Brand and Business in the Event of a Recall
The number of product recalls is increasing, which is no surprise considering the fact that product contamination has been front page news recently. This has meant that protecting your manufacturing, retail or distributing business against recalls of contaminated...
Are you ready for the liability claims portal?
A new liability claims portal has recently been introduced with the aim of making it easier for claimants to make a claim and to reduce the time it takes for them to receive compensation. A new set of shorter, stricter deadlines, in addition to the fact that the...
Personal Injury Small Claims limit?
The Small Claims Court assists people in claiming without the need for solicitors, which in some cases can be expensive. In a Small Claims Personal Injury case, the court will not order the losing party to pay solicitors’ costs, which means if you do instruct a...
Protecting Your Business from Theft by Employees – Fidelity Insurance
As an owner of a retail business, you are fully aware of the risk of shoplifting and theft by customers. However what many owners fail to consider is the idea of employees being dishonest and untrustworthy. Companies of all shapes and sizes around the country suffer...
Changes to Driving Licences
From 19th January 2013 important changes to driving licences will be introduced in line with the European Union Third Directive, which will impact you and your drivers. Those who already have a licence to drive a certain vehicle will keep their entitlements, however...
Fee For Intervention charges
From 1st October 2012, the Health & Safety Executive will have the power to conduct unannounced inspections of all HSE regulated businesses, issuing charges for any “material breaches” of regulations that leads to a further investigation. These are called Fee For...
Protecting Business and Employees
Travelling abroad for work can be hugely stressful – hoping the flight isn’t cancelled, ensuring you haven’t forgotten your passport, and waiting in long queues. The last thing you want to worry about is what would happen if you fell ill, or got in an accident. What...
Business Interruption Insurance
Business Interruption Insurance – How long could your business survive a loss of profits? Your contents and premises will be insured, but what happens if for some reason your business can’t operate for a significant period of time? What if your premises are...
Cyber Liability and Data Breaches
Through the use of social media, cloud computing, email and databases, information can be transferred with a click of a button, and viewed by any number of people around the world in a matter of minutes. This is undoubtedly a quick and relatively cheap method of...
Metal thieves causing chaos
It is estimated that over 15,000 tonnes of metal is stolen in the UK each year, and these activities are expected to increase due to recent high demand. Beyond the obvious targets, thieves are now also a threat to the plastics industry, where they are targeting the...
Top 10 tips for fleet road safety
Up to a third of all road traffic accidents involve somebody who is driving for work purposes. This totals around 20 fatalities and 250 serious injuries every week. Often it’s only repairs and insurance claims that we think about when considering the cost of an...
Landlord regulations
Earlier in the year a British landlord was convicted of failing to carry out important health and safety work in the house he was renting out to an individual. The tenant lived in terrible conditions – no heating or hot water, mould, collapsed ceilings, damp, and the...
Employers’ Liability Insurance
Workplace absences can have a huge negative effect on a business, resulting in less efficiency, extra pressure on colleagues and higher staffing costs. Imagine if an employee was away from work for weeks due to an illness or injury, what effect would this have on your...
Bribery Act 2010
On the 1st July 2011 a new Act was introduced in the UK with the intention of putting a stop to corporate bribery. It outlines three new offences: offering or receiving a bribe bribery of foreign public officials failure to prevent a bribe being paid on an...
Corporate Manslaughter
The Corporate Manslaughter and Homicide Act 2007 has been highlighted in the news recently, as the first conviction under the law took place in February this year. This has been an important case for many industries, causing calls for greater awareness in management....
Social Media – Kill or Cure
Social Media has quickly become the single most effective communication tool for spreading news. Be it stories about the surrounding areas, a worldwide crisis, or even just keeping in touch with a family member, the immediacy of social networking allows us to be kept...
Could you afford to recall
It is common for companies involved in manufacture to have Product Liability insurance to protect against damages awarded as a result of personal injury or property damage caused by the product they produce or supply. However, often overlooked is the financial impact...