Archive for Insurance Industry News
Liability Insurance Injury Claims
From the 1st April 2013, new regulations came into effect that change the way employers and public liability insurance injury claims are dealt with. If your business faces a claim with a value up to £25,000, the process in which it is dealt with has changed. So how does this impact on your business? This [...]
Read moreFee For Intervention (FFI)
From the 1st October 2012, the Health and Safety Executive (HSE) are introducing the FFI regime (Fee for Intervention). This means that a business in the UK that falls under the jurisdiction of the Health and Safety Executive will now be liable to face financial charges for the HSE time for investigating a potential breach [...]
Read moreFlood Insurance
It is now recognised that in England and Wales, more than 5 million people live and work in areas that are at risk of flooding from rivers or the sea. Not all is lost though – if action is taken to prepare for flooding. While in some areas we are currently facing a drought, the [...]
Read moreWinter Car Tyres
As winter finally draws in, many drivers are looking to fit winter tyres to their vehicles. So this is a good thing, hopefully reducing the chances of an accident and in turn, an insurance claim. This certainly could be the case, however there are many insurers that still see this as a modification. This means, [...]
Read moreLong Tailed Claims – Exposure To TCE and PCE
Often long tailed claims are thought to be limited to exposure to asbestos, hearing loss, etc. Whilst this is true, there may be other things which will be discovered which are contributing to long tailed claims (claims which do not show their symptoms until several years after the initial exposure). Trichlorothylene (often referred to as TCE, Trichlor, [...]
Read moreReferral Fees to be banned
We all see the TV adverts, receive the annoying emails and recorded phone messages, No win-No fee compensation claims! At the same time insurance costs are starting to increase and not slowly. The Government has now announced it is going to ban the payment of referral fees. Insurers have been forced in recent years [...]
Read moreTerrorism Insurance
“No one is going to attack us”. This is the first reaction of most people when terrorism insurance is discussed. The truth is, this cover is vital and should be considered on ALL commercial insurance policies. Why bother with cover? Firstly, if you have a mortgage secured against the property or your business, check the small print. [...]
Read moreBribery Act – News Update
On the 1st July 2011, the Bribery Act became law. The Act reforms the criminal law to provide a new, modern and comprehensive scheme of bribery offences that will enable courts and prosecutors to respond more effectively to bribery at home or abroad. The legislation defines ‘bribery’ in wide terms, to capture the differing ways [...]
Read moreCorporate Manslaughter – Update
The first convictions under the Corporate Manslaughter and Corporate Homicide Act 2007 have now taken place. This has a serious impact on businesses, especially motor fleet operators. The fines alone can put a company out of business and these are set to become more severe as time goes by, with guidelines suggesting the fines should start [...]
Read moreBromwall attend Chubb Insurance Presentation
Bromwall were pleased to have attended the Chubb Life Sciences presentation at the Globe Theatre in London on Thursday 14th April 2011. We had the opportunity of meeting several underwriters and to learn about the advantages of using the Chubb Life Sciences policy. Chubb state that they have a total insurance solution for the risks faced [...]
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