Employers need to be alert to new interpretations
of existing legislation and regulations governing
employment practices and guidelines for the safety
and welfare of employees as well as third party
liabilities when carrying on a business.
Coyle Hamilton Willis can identify corporate exposures
to risk and develop an insurance program based upon each
clients specific requirements. Furthermore we assist with
Health and Safety compliance and the Risk Management of
employee activities to minimise the potential for accidents
to happen to them or third parties.
You can choose to carry potential liabilities on
your balance sheet or insure against some or all
of them as follows:
Employer's Liability:
Employer's liability insurance covers a companies
legal liability for accidental bodily injury to
employees or disease contracted by them arising
in the course of their employment in the business.
Employment Practices Liability:
Offers indemnity in the event of an employee suing
in respect of alleged employment practice violation.
The cover may include claims brought by employees
in respect of wrongful termination of employment,
sexual harassment, or discrimination, as well as
other claims brought by employees. Cover can also
be provided if claims are made by other parties
such as clients or customers.
Public Liability:
Public Liability insurance covers a companies legal
liability resulting from accidental bodily injury
to any third party person or loss of or damage to
their property arising in connection with the carrying
on of a business.
Products Liability:
Products liability insurance covers a companies
legal liability for accidental bodily injury to
any third party person, or loss of or damage to
their property, caused by a defect in any goods,
sold, supplied, repaired, altered, treated or serviced
by a company.
Product Contamination Recall
& Rejection:
Certain products are susceptible to contamination,
both accidental or by deliberate interference. This
may have a disastrous effect on the image of the
product or a companies brand. Considerable costs
can be incurred in both recalling and replacing
the damaged or contaminated product and in rebuilding
public confidence.
The cover may include:
- Recall Costs
- Business Interruption (loss of profit)
- Rehabilitation Costs
- Consultancy Costs
Professional Indemnity:
Professional Indemnity covers a companies legal
liability for damages, costs and expenses in respect
of claims made against the company for financial
loss incurred by third parties arising out of any
negligent act, error or omission in connection with
the provision of professional advice or services
given for a fee.
Exposures would include:
- Breach of Professional Duty
- Libel or Slander
- Loss of or Damage to Documents
- Dishonesty of Employees or Agents
Directors and Officers
Liability:
Directors and Officers liability insurance covers
insured company directors and officers against
claims made upon them for personal liability and
financial loss, resulting from any breach of warranty
or authority or other act wrongfully committed
or attempted in their capacities as directors
and officers of a company.
Pension Trustee Liability:
Pension Trustee Liability insurance affords protection
to company pension scheme Trustees against claims
for mismanagement of their obligations as Trustees
under the Pension Act 1995. Pension Scheme Trustees
could also face allegations of, improper advice,
incorrect investment of the scheme assets and
violation of the schemes documents in addition
to specific liabilities under statute.
Cyber Liability-Netsure
Netsure, Cyber Risks Insurance, protects a company's
computer systems, website and e-mail for financial
loss suffered as a result of hack or virus attack.
Netsure will also protect a company from third
party claims, as a result of employee computer
fraud, e-mail defamation and breaches of data
protection acts, in addition to numerous other
protections available.
For further information on liabilities insurance, please
contact us
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