Now into its sixth week, BP are poised to try another method for containing the huge oil leak off the Gulf of Mexico. Whilst the company’s engineers tackle that, BP’s professional indemnity team are fending off legal action from all sides as the US Congress debates the amount in damages they will have to pay. …
The owner of a car wash in Burnham-on-Crouch in Essex has been fined by the Health and Safety Executive (HSE) after it emerged that he had no employers’ liability insurance cover in place. HSE inspectors visited the Blue Flag Hand Car Wash in Essex back in October 2009, reporting back that the owner, Bledar Shtylaa, …
Most professional indemnity insurance policies are designed to protect businesses from the crippling costs of legal disputes and compensation claims. Generally included in these policies is cover for negligence, but what exactly does this mean and how far does it extend? In the context of professional indemnity, negligence constitutes actions made by a party delivering …
Collapsed financial services firm Lehman Brothers Holdings Inc. (LBHI) – once the fourth largest investment bank in the US – has filed a lawsuit against Wall Street giant JPMorgan alleging that the company caused unnecessary difficulties during LBHI’s bankruptcy. It is also alleged that as part of this, JPMorgan persuaded LBHI to grant them access …
As an accountancy firm, you may have been worried about the many stories in the press recently of lawsuits involving accountants, auditors and other financial businesses. The recession and subsequent collapse of many major banks seems to have opened the door to a multitude of legal disputes and claims for compensation, and it doesn’t look …
The organisers of the T in the Park festival have put in a request to the local authorities to increase the capacity of their popular summer event from 25,000 to 30,000. Perth and Kinross Council are now considering the proposal, although they have said that approval will depend on the organiser’s event insurance policy. T …
The successful music producer Timbaland has reportedly agreed a settlement with composer David Cortopassi over a copyright infringement disagreement. Cortopassi alleges that the producer illegally sampled his song ‘Spazz’ – originally recorded in the 1960s by The Elastik Band – on his 2007 controversial chart hit ‘Throw it On Me’ taken from his Shock Value …
The hospitality industry can be one of the most demanding and problematic to work in, especially if you hold full responsibility for the business as the owner or manager. Juggling day-to-day operations as well as dealing with your finances leaves you with little time to prepare for unexpected setbacks, but it can actually be as …
Professional business insurance has become commonplace these days, with everyone from small businesses to large corporations taking out policies to protect their buildings and contents and professional indemnity insurance to cover errors, omissions and professional neglect . These kinds of insurance are essential, but what about cover for legal expenses? The expensive costs incurred from …