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LEIA Seminar 2015: Bonds, Indemnities and Warranties
On 26 March 2015, we were invited to speak at and sit on a Q&A panel session at a Lift and Escalator Industry Association (LEIA) seminar held in Birmingham. The event – ‘Bonds/Indemnities/Warranties’ – invited members of the lift and escalator industry’s trade association to learn more around the subject of on-demand and performance bonds, third party warranties and indemnities. The seminar provided a great opportunity to gain insight into industry perception, expectations and demands around these products and we thought it would be useful to cover these subjects over a series of blog posts, starting with ‘bonds’.
Important Advice for Employers of Remote Workers
According to research by the Office for National Statistics, 13.9% of UK workers do their jobs remotely: that’s 4.2 million people. The remote working population has grown by 1.3 million since 2008 and is at its highest level since records began in 1998. Remote working certainly has its advantages, both for employers and employees. However, for employers there are considerations to be made concerning health and safety, data protection and physical risks – and insurance.
The Insurance Act 2015
On 12th February 2015, Parliament passed the Insurance Act 2015. The reforms brought about by the Act are the most significant changes to be introduced to United Kingdom insurance contract law since the Marine Insurance Act of 1906. Implementation of the amendments will follow an 18-month preparation period with the Act coming into force on 12 August 2016.
Business Interruption Insurance: Are you Prepared for the Unexpected?
If one thing’s for certain, it’s that you can never be sure what the future will hold. That’s a fact of life and it is as true in business as in any other walk of life. Unexpected events can arise at any time and, if you run a business, then you’ll be aware that even the slightest interruption can start costing you in lost income and profits before you know it. That’s precisely why business interruption insurance is vital. It provides cover for loss of income during such times as you cannot trade as usual, due to some unexpected insured event.
Costly Claims Could Sink a Business: Here’s a Solution
Disputes are, unfortunately, a common part of today’s business landscape. In fact, any business that hasn’t found itself involved in some sort of legal wrangle can probably count itself lucky. Legal costs and professional fees to defend any claims made against your business or to pursue a disagreement over a contract, for example, mount up very quickly and can run into significant sums: sums that can often have a shattering effect. Have you thought about how you would cope if the prospect of such expenses suddenly became a reality for your business? In this post we discuss some of the most common disputes that arise in business, and offer a solution to cover the costs attached to defending any action you might face.
MyLicence Initiative will Speed up Motor Insurance Applications and Save Customers Money
In the summer of 2014, a new initiative called MyLicence was introduced to make the process of arranging motor insurance much more straightforward. Now, if you’re searching for car insurance quotes, you might find you’re asked for your driving licence number (DLN).
Saracens-Allianz Partnership Offers Work Experience Opportunity
The partnership between Allianz and Premiership Rugby giants Saracens has been going strong since the club’s stadium was christened Allianz Park back in 2012.
Risky Business: Protecting Company Directors and Officers from Crippling Claims
Did you know that as a director or officer of a company, you are legally responsible for your actions? That under the Companies Act 2006, there are more than 200 areas of statutory liability you are exposed to?