Liability Insurance Encouraged For Street Party Organisers

With the Queen's Diamond Jubilee and the Olympics coming up a street party may be on the cards for some of us.

However, the Association of British Insurers (ABI) have warned those who are planning to play host to a street party to ensure they have the right kind of liability insurance cover in place.

The ABI have forecast that thousands of events are likely to be held all across the UK over 2012 and have urged events organisers to consider the circumstances of the even before decidin on whether or not some form of public liability insurance will be necessary.

As a result the ABI have releaed a guide for planning an event. The guide outlines safety considerations and insurance requirements. The Director General for the ABI, Nick Starling commented:

"With communities across the country planning thousands of events this year, a few common sense precautions will help ensure that events are fun and safe. Our guide sets out the essential information that any event organiser needs to know, to ensure that celebrations planned are memorable for all the right reasons."

Organisers are strongly urged to ensure that they have adequate liability insurance in place. Should anything happen the organiser could be held liable.

Motaquote offers a specialist events insurance package that includes public liability, property cover and even event cancellation insurance.

Source: http://ccventures.co.uk/acquisitions/news_article.aspx?id=801332524&art=ABI:%20Street%20parties%20should%20be%20carefully%20planned

Liability Insurance Reforms Called For

The Association of British Insurers (ABI) has called for a change to the way in which employers’ liability and public liability insurance claims are handled.

This request for change has come about as a result of overzealous interpretations of health and safety legislation which has hampered growth of the UK economy and harms small business expansion.

The ABI claims that the current legal system encourages people to make exaggerated and, in some cases, fraudulent claims – which are fuelled by “no-win-no-fee” claims management firms. They believe that this has left UK businesses with high and disproportionate legal costs – which they pay for through their employers’ liability and public liability insurance premiums.

The Director of General Insurance for the ABI, Nick Starling, has stated that insurance companies play a very important role in allowing and encouraging small business to grow without the burden of red tape and other issues.

Mr Starling added that the ABI "has long argued for reforms to make our legal system more efficient, tackle spurious claims and relieve the burden on UK business.”

Following this the Health and Safety Executive (HSE) have stated that a healthy balance between protective regulation for employees and giving firms sufficient leeway to perform their roles well needs to be struck.

Source: http://www.postonline.co.uk/post/news/2159394/abi-calls-reforms-free-businesses-uk-compensation-culture