Free press releases distribution network?

Agency / Source: Carvel Insurance Brokers Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



New Corporate Manslaughter Legislation Highlights Risks for All Directors & Officers - The Corporate Manslaughter Act came into force in the UK on 6th April 2008. Carvel Insurance Brokers examines how Companies as well as individual Directors & Officers are liable for various incidents
New Corporate Manslaughter Legislation Highlights Risks for All Directors & Officers

 

PRZOOM - /newswire/ - Peterborough, Cambs, United Kingdom, 2008/04/21 - The Corporate Manslaughter Act came into force in the UK on 6th April 2008. Carvel Insurance Brokers examines how Companies as well as individual Directors & Officers are liable for various incidents.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Insurance/Risk Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Directors and officers of UK businesses are sitting up and taking note of a new piece of legislation that came into force on 6th April 2008. The ominous sounding offence of Corporate Manslaughter made it into the statute books with the recent passing of the Corporate Manslaughter and Corporate Homicide Act.

Brought in following various high profile cases of management failings such as the Zeebrugge disaster and various rail crashes, the new law requires the courts to look at the way a company managed and organised its activities in cases where a death has occurred. The legislation specifically concentrates on instances where there have been failures by senior management to provide a proper duty of care. Any business involved in a serious incident will come under particular scrutiny in terms of company processes relating to health & safety, training or supervision as well as the standard of maintenance on equipment and buildings.

Colin Davies, MD of Carvel Insurance Brokers who provide commercial only risk and insurance advice commented “The weight of legislation on companies and their management is immense, especially in the area of health & safety. In my opinion the full force of the new Corporate Manslaughter law will probably not be seen for a number of years though. We expect most early cases to be long drawn out prosecutions mainly affecting larger companies as it is the company that is prosecuted rather than the employee. While individuals can’t be prosecuted for the new offence, they can still be taken to court under existing laws relating to gross negligence manslaughter/culpable homicide for health and safety offences.”

Perhaps a more immediate concern to local businesses managers will be this ever present risk of personal prosecution relating to decisions made at work. The responsibilities and duties of a director have been long established through a mixture of statute, regulations and case law. Whereas a limited company is limited in its liability, an individual director is not so can be held personally liable for breaches of duty. To be personally liable for ‘unlimited’ awards and legal costs is an unsettling thought for most directors and senior decision makers.

The personal risk faced by directors and officers of companies are many and varied. An everyday example might be the company secretary of a building firm who was prosecuted personally, as the company’s labourers breached a tree preservation order whilst working on job.

Carvel Insurance’s Colin Davies adds “The extent of personal risk in running a business is something that many company directors and officers don’t always fully comprehend; the personal exposure can be huge. As well following good practice and minimising risks there is another solution that the company it’s self can provide to protect individual employees. Taking out something called Directors & Officers Insurance is always worth assessing based on the risks each officer faces. It is estimated that over 75% of small and medium sized businesses are not aware of the personal risks their senior people run and how to address them. It’s frightening to think of the extent that employees and directors are personally liable for business decisions that they make or responsibilities that they hold in the work place.”

With a combination of increased legislation and a growing culture of litigation within British culture nowadays, the matter of addressing business risk in even the smallest business is one that is set to become ever more important.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Insurance/Risk Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Carvel Insurance Brokers Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Insurance/Risk Management articles,
CATCH Visitors via Your Competitors Announcements!


New Corporate Manslaughter Legislation Highlights Risks for All Directors & Officers

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Justin Jeffrey - Carvel.uk.com 
+44(0)84 5873 3133 admin[.]carvel.uk.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Carvel Insurance Brokers Ltd securities in any jurisdiction including any other companies listed or named in this release.

Insurance/Risk Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Carvel Insurance Brokers Ltd / Company Profile


Read Insurance/Risk Management Most Recent Related Press Releases:

SCOR Named 'Life Reinsurer of the Year 2016' by Asia Insurance Review
SCOR is Named 'North American Life Reinsurer of the Year 2016' by Reactions Magazine
Wunelli Evolves Driver Signature to Take Telematics Apps to Next Stage of Growth
LexisNexis Risk Solutions to Provide Mobile Telematics for Nationwide’s SmartRide Program
LexisNexis Risk Solutions Elevates Insurance Customer Experience with New Active Risk Management Solution
LexisNexis Risk Solutions Launches First Contextual Telematics Insurance Model in U.S.
Resolver’s Perspective™ Incident Management Software Now Fully Integrated with Software House C•CURE 9000 Security and Event Management Solution
PPM 2000 Joins Forces with Resolver
LexisNexis Launches LexisNexis Intelligence Exchange in India for Life Insurers
LexisNexis Risk Solutions Announces New Relationship with Ellie Mae

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com

Visit  Triggr & Bloom







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today