Insurers will not cover corporate killing penalties

first_imgEmployers found guilty of the proposed new charge of corporate killing havebeen warned they will be unable to rely on insurance to cover fines any theyincur.The Law Commission’s proposed introduction of the offence is intended toenable the prosecution of companies rather than their directors with noguidelines or limits on the fines that could be imposed.Companies can cover themselves against costs of representation at officialinvestigations by taking out corporate liability, or entity, insurance. But RegBrown, underwriter of Lloyds syndicate 602 RE Brown & Others, warns,”Insurers will not respond to fines on the basis that to do so would becontrary to public policy – a wrongdoer should not be entitled to indemnify forthe consequences of their own criminal actions.” Previous Article Next Article Comments are closed. Insurers will not cover corporate killing penaltiesOn 14 Mar 2000 in Personnel Today Related posts:No related photos.last_img read more