Broking giant Aon has welcomed the government's stance on tackling the compensation culture.
Responding to today's statement from the Department for Constitutional Affairs, Aon deputy chairman Max Taylor said: "We believe that there is a real and immediate need to address this problem, and we welcome the government's stated determination to tackle the ‘have a go culture' at source.”
"Our recent survey of 500 British businesses, ‘Compensation and Blame Culture: Reality or Myth?' provided hard evidence that UK businesses are increasingly hampered by the costs of dealing with a burgeoning compensation culture. 75% of the UK businesses we surveyed saw the current growing trend as creating an unsustainable burden for industry, commerce and public services. 62% have seen an overall increase in the cost of claims over the last five years.
"The evidence shows that UK businesses are picking up a significant burden in terms of managing increased insurance and regulatory cost. This is a damaging drain on management time and financial resources, and longer term may prove a major threat to profitability and jobs.”
