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I would like to wish all of our client's a very happy and prosperous new year!
November 2017 - Fire Risk Assessments
In the UK it is a legal requirement for a fire risk assessment to be carried out on almost all premises where people could be working. ...too many small to medium size businesses do not have fire risk assessments in place which is putting themselves, their employees and their customers at risk! Visit our Risk Management section to see how we can help you and your business.
What happens after September 2017?
No new CRO cards will be issued. You will be expected to apply for the correct card for your occupation. Check the requirements by copying the link below.https://www.cscs.uk.com/card-finder/
CRO cards issued before 1st October 2015 that expire after 30th September 2017 will remain valid until their expiry date.
Standard property owner policies do not include cover for terrorism. Given the recent spate of terrorist attacks, now could be a good time to review your insurance policies and consider including terrorism cover. Contact us now for further information.
Cyber crime is now the most common form of fraud in the UK. Ensure your business is protected against hackers and online fraud, complete our online form here to obtain a quotation.
The new sentencing regulations for Health & Safety offences has now been in force for a little over a year and companies have seen a substantial rise in the fines that are being given. The maximum level of fines is now unlimited. This new level of fines no doubt puts companies under even more pressure to ensure they are doing everything they need to do by law to prevent accidents and protect their workforce and visitors. Don't leave it to chance, for advice on your current Insurance Products and Health & Safety Arrangements CONTACT US
What is the discount rate?
The discount rate is used to calculate the amount of compensation a severely injured person will receive to reflect the return they will earn when that money is invested. The objective is to make sure a person has the necessary financial security to provide for their care and loss of earnings.
Impact of the change:
The reduction means that those suffering from serious injuries will receive significantly higher compensation payments than before.
The substantial increase affects claims costs for all lines of business which see claims for bodily injury – including Private and Commercial Motor, Motor Trade, Casualty (Employers Liability, Other Liability and Contractors Liability) and SME.
The consequence of the Ogden (discount) rates amendments are unlikely to be obvious , however, the impact on premiums in certain areas will be significant and clients should anticipate increased premiums in all classes that include bodily injury: Private and Commercial Motor, Motor Trade, Employers Liability, Public/Products Liability, Contractors Liability etc.
Changes are immediate in some cases and we have already started to see the impact coming through from our insurer partners. Clients in high risk liability industries are likely to be most affected. For more information get in touch.