BROKERS AND CLIENTS FAIL LAW TEST
The Insurance Times last week commented on a survey by Allianz Insurance Plc, showing that just 22% of brokers claim to be aware "to a large extent" of the Corporate Manslaughter Act.
Allianz surveyed approx 1,500 brokers and found the following:
44% of brokers are unaware of the penalties proposed under the Act
42% said insurers do not provide brokers or their clients with sufficient support to manage their responsibilities under this legislation.
More than 80% said that fewer than 10% of their clients have contacted them about this legislation
More than 20% of brokers estimate that, of clients who employ five or more staff, fewer than half hold an up-to-date written-down health and safety policy - a statutory requirement.
In February the Sentencing Guidelines Council released their sentencing framework stating that organisations guilty of corporate manslaughter can be given up to a seven-figure fine, and rarely less than £500,000, as well as remedial and publicity orders.
Roger Ball, commercial motor manager at Allianz Commercial, is reported as saying- "The guidelines have provided a compelling reason for organisations to enforce effective and continuous risk management programmes. He went on to add "In competitive markets, with a difficult economic climate and thin profit margins, businesses can ill afford to risk their reputation by cutting corners on their health and safety responsibilities."
Safety compliance is more than Red Tape and yes, it may cause major headaches for many businesses but it is a necessary evil. In the current working environment even minor accidents or disputes can have potentially litigious and costly consequences especially to small businesses.
Don't be left in the dark! Our service will provide you with the means to help manage all aspects of workplace safety more easily, more effectively and more profitably.
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