Insurance Implications Of The Corporate Manslaughter And Corporate Homicide Act Of 2007.
Publication Date: 09-JAN-08
Publication Title: Mondaq Business Briefing
Format: Online

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Description

This article hopes to provide you with a valuable insight concerning the new Act; and to educate you about the potential pitfalls which could be faced by businesses just like you from April 08.

The New Law on Corporate Manslaughter (and why most businesses are not insured) comes in to force next April and sees the introduction of the Corporate Manslaughter and Corporate Homicide Act of 2007. The background to the reasons behind the introduction of the new Act lies in the high profile failures by the Crown Prosecution Service to actually prosecute those companies where clearly there has been a serious breach of negligence which has resulted in loss of life. For example consider the major rail disasters of the late 90s and early 2000s, notably Hatfield, Charing Cross and Paddington.

In other words, there have only ever been seven successful prosecutions as...



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