Asbestos surveyors need to consider carefully some of the claims that have traditionally caused problems
There are generally 5 types of claims that they can face: (more…)
Archive for September, 2011
Asbestos surveyors beware
Monday, September 26th, 2011Accountants professional indemnity.
Wednesday, September 21st, 2011Accountancy is one of the established traditional professions. Accountants are often members of a professional body such as the ICAEW, ACCA, ICAS or ICAI, but the industry is also made up of unqualified but highly experienced advisors such as former tax inspectors. Some of these professional bodies maintain rules for mandatory PI cover and also issue “Practising Certificates” without which member firms are unable to practice.
What do insurers look for? (more…)
Beware corporate manslaughter
Monday, September 19th, 2011In February 2011 Cotswold Geotechnical Holdings (GCH) became the first company to be sentenced under the new offence of Corporate Manslaughter. It has been fined £ 385,000 after being found guilty by a jury at Winchester Crown Court; an employee died when an unsupported trench collapsed in on him while taking soil samples.
Companies and organisations can be found guilty of Corporate Manslaughter if an employee dies as a result of management failures resulting in gross breach of duty of care. The Corporate Manslaughter and Corporate Homicide Act 2007 was designed to make all employers accountable.
Tracing old EL Insurers
Friday, September 16th, 2011Historically individuals who wanted to make a claim against a former employer in relation to injury or disease caused during their employment may have run into difficulties. This was largely due to the nature of industrial disease, such as asbestos, which can take many years to show symptoms, by which time past employers may not be able to trace who was their Employer’s Liability ( EL) Insurer at the time.
The Employer’s Liability Tracing Office ( ELTO) is an independent body that has been formed to aid the process of tracing the insurer for an employer by recording the details on it’s Employer’s Liability Database ( ELD). This ELD improves upon the previous tracing service, which relied on insurers checking against their own records.