AIG UK

www.aig.co.uk

2 LEGAL DEVELOPMENTS HIGHLIGHT INTENSIFYING EXPOSURES FACING COMPANIES AND DIRECTORS FOR SERIOUS ACCIDENTS

In the UK’s first corporate killing case a company is charged with Corporate Manslaughter after a geologist employed by the company was crushed. If convicted it faces the possibility of an unlimited fine and may have to advertise details of the conviction. PrivateEdge covers defence costs for companies facing Corporate Manslaughter charges and up to Ł100,000 PR costs to help contain reputational damage.

See summary: Easier to convict companies and how PrivateEdge can help

Meanwhile in January the courts were given greater sentencing powers for serious Health and Safety breaches. Directors’ and managers’ health and safety responsibilities haven’t changed, but their personal exposures are now more intense: with higher levels of maximum fines and more offences where they can be imprisoned. PrivateEdge can help with its extensive cover and one of the UK’s most experienced management liability claims teams.

See summary: Punishments for individuals and how PrivateEdge can help

AIG UK Limited
The AIG Building, 58 Fenchurch Street, London EC3M 4AB.
This insurance is underwritten by AIG UK Limited which is authorised and regulated by the Financial Services Authority (FSA number 202628).
This information can be checked by visiting the FSA website (www.fsa.gov.uk/register/home.do).
Registered in England: company number 1486260. Registered address: The AIG Building, 58 Fenchurch Street,
London, EC3M 4AB.
A member company of American International Group, Inc.