Flint Insurance

Flint Insurance

February 22, 2010 01:00 ET

New Government Bureau Set To Change Employer's Liability

MIDDLESEX, UNITED KINGDOM--(Marketwire - Feb. 22, 2010) - The Department for Work and Pensions is considering setting up a new Employers Liability Insurance Bureau, which will trace EL policies and, where they cannot be traced, provide an insurance fund of last resort. The Employers' Liability Insurance Bill has now had its second reading in the House of Commons.

The proposal has caused concerns among insurers that the bureau may have a negative effect, as some employers may feel less obliged to make adequate health and safety provisions for their employees.

A spokesperson for leading insurance broker Flint Insurance commented: "We are concerned about the effect that a dedicated Employers' Liability Insurance Bureau will have on the attitudes of some employers who may then decide not to take the health and safety of their employees seriously. However, setting up a tracing system could help thousands of employees receive the compensation they deserve."

The ABI has stated its opposition to the scheme on these grounds, fearing that it could cause a "serious moral hazard." There are also objections on the grounds of fairness; the fund is to be financed by the insurance industry, which would mean that reputable firms would have to pay for the failings of others. However, the ABI recognises the usefulness of a system for tracing insurers, pointing out that in fact it introduced such a code 10 years ago. The TUC has welcomed the principle of a system to assist those whose original insurers cannot be found, such as asbestos victims.

Flint Insurance are an independent broker specialising in a range of commercial insurance such as public liability insurance. Based in Harrow, Middlesex, they have now expanded their workforce to include an office in Sidcup, Kent. Flint have over 30 years' experience of offering both personal and commercial cover across the UK, working with a panel of over 35 insurers to provide the most appropriate cover for their clients.

Further details are available at http://www.flintinsurance.co.uk/. Insurance cover can be arranged online or through the company's offices in Harrow and Sidcup.

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