Corporate Manslaughter penalties unknown by brokers
Just 22% of brokers claim to be aware “to a large extent” of the Corporate Manslaughter Act an Allianz survey or more than 1,500 brokers has found.
- 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.
Heavy sentences
Roger Ball, commercial motor manager at Allianz Commercial, said: “Last week 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.
“The guidelines have provided a compelling reason for organisations to enforce effective and continuous risk management programmes.
“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."
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