There are many risks facing modern businesses, especially shops and retailers. It is important to identify these risks and their potential consequences in advance, making sure that a professional insurance solution is in place to protect the business. The following are a few of these risks, and the insurance options designed to protect against each. …
In today’s unstable economic climate, no business or organisation can afford to be without some form of professional insurance. New businesses often face a difficult choice when it comes to which policies are the most essential or which types of cover they can’t afford to be without. Of these ‘essential’ types of cover, policies designed …
In the wake of Iceland’s banking collapse, PricewaterhouseCoopers (PwC), the former auditors of failed Icelandic bank Landsbanki, have reportedly been accused of negligence by the financial institution’s administrators. According to the leaked results of a recent investigation into the Icelandic banking collapse, there were widespread irregularities amongst involved lenders. This includes Glitnir and Landsbanki, the …
Two companies have been fined a total of £440,000 by a court in Caernarfon after an employee died in a fire involved aerosol canisters. Caernarfon Crown Court found that two companies – metal recyclers Deeside Metal Company (based in Chester) and hygiene products maker Jeyes UK – were liable in the death of 37-year-old Mark …
The trustee attempting to recover money for the victims of the $20 billion Bernard Madoff fraud scheme has targeted two accountants in a multi-million dollar lawsuit. Accountants Michael Bienes and Frank Avellino are being sued by trustee Irving Picard for a whopping $900 million, as he accuses them of assisting Madoff in his fraudulent Ponzi …
Bank of America (BofA), the largest bank in the US and the second largest in the world, has launched legal action against four of its former employees over a break of confidentiality. The four former BofA employees in question used to work for the US Trust, which is one of BofA’s recent acquisitions. After leaving …
A number of US firms will may to rely on their professional indemnity insurance policies soon, as US patent holding company Intellectual Ventures has sued nine companies for patent infringement. Intellectual Ventures, a firm set up by the former chief technology officer at Microsoft, Nathan Myrhvold, has filed three related patent infringement lawsuits against nine …
One of the oldest and most famous bars in New York, McSorley’s Old Ale House, has reportedly been sued by a customer who was ‘attacked’ by the establishment’s resident cat. The lawsuit has been brought by Cheryl Sibley, 53, who claims that the bar’s resident tabby cat – called Minnie the Second – inflicted “serious …
The UK arms of fast food corporation McDonalds has been successfully sued by Wandsworth Council after an employee sustained serious eye and face injuries whilst at work in a local branch. The employee, who worked as a maintenance operative at the McDonald’s drive-thru outlet in Wandsworth Bridge, was unblocking a drain using a sulphuric acid-based …