As the owner or manager of a construction firm, you know that construction projects, no matter the size or scope, can be significant undertakings fraught with difficulties and setbacks. Not only are you responsible for doing your job effectively and safely, but you are also responsible for fulfilling your contractual obligations to whoever hired you, whether it was the project employer or a contractor. However, your responsibilities can extend even beyond those parties and apply to third parties using what is called a ‘collateral warranty’. Collateral warranties create a contractual link … [Read more...]
Combating Industrial Deafness Claims
Construction sites and the production floors of manufacturing firms are teeming with the roar of engines and the whine of machines. Without the proper protection, this environment is not only in hospitable, but potentially damaging to workers’hearing. Prolonged exposure to these types of noise heavy environments can increase a worker’s risk of developing noise-induced hearing loss, also known as industrial deafness. From 2013 to 2014, an estimated 80,000 industrial deafness claims were filed—causing some insurers to label the injury as the ‘new whiplash’. While permanent and disabling loss … [Read more...]
Motor Claims Management Service
We are pleased to announce that clients of Sentio Insurance Brokers now benefit from a dedicated motor claims management service – Momentum Motor Claims. From first notification through to repairs and settling the claim, our team of experts handle the process 24 hours a day 365 days a year. Backed by a network of repairers across the UK and Northern Ireland, we help our clients speed up the process while remaining committed to reducing the cost of claims and vehicle downtime. This includes: One contact point for all motor claims – Just call 03442 438 917 Enhanced claims handling … [Read more...]
Reduce Your Risks with Tenant Referencing
Choosing the wrong tenant can lead to lost income, legal actions and damage to your property. Conducting tenant referencing on prospective tenants is a wise way to ensure a mutually successful experience for you and the applicant, and it is an effective risk management tool. Although tenant referencing does present some costs, taking on a tenant without having performed this reference check carries significant risks and can cost you a lot more money in the long run.Why Conduct Tenant Referencing? Many applicants do not disclose all relevant information for property managers or landlords to … [Read more...]
Not-For-Profits and Liabilities for Board Members
Not-for-profit organisations provide essential social services that benefit communities and their members. These organisations cannot survive without a solid board of directors or trustees assigned to elect officers, adopt policies and make major financial decisions for the organisation. Although the members of the board are often volunteers, there is a certain amount of risk involved in holding one of these positions. Specifically, even when acting in good faith, board members are subject to personal liability, which may affect their personal financial status because of their … [Read more...]