News

  • No-Deal Brexit: Green Cards and UK Driving Licences

    The current uncertainty and the likelihood of a no-deal Brexit are causing confusion for many motor insurance policyholders. Should a no-deal Brexit take place on 29th March 2019, some important changes may impact your personal and/or commercial motor insurance. Green Cards A Green Card is an internationally recognised insurance document that provides proof of the minimum compulsory motor insurance cover required by the relevant country. Currently, Irish-registered vehicles that travel within the EU are covered by the terms of the EU Motor Insurance Directive. However, a no-deal Brexit would see the UK withdraw from this directive, meaning Irish motorists will…

  • Stress Injuries: Are They Covered by Employers’ Liability Insurance?

    Stress injuries are on the rise but are they covered by Employers’ Liability insurance? Stress in the workplace is classified as an injury when physical and psychological symptoms begin to manifest. The most typical physical symptoms can include stomach pains, headaches, frequent indigestion, pains in the chest, while the psychological symptoms may include anxiety or insomnia. A recent ESRI study, funded by the Health and Safety Authority (HSA), found that stress among employees in Ireland doubled from 8% in 2010 to 17% in 2015. The study identified that job stress is more common among people experiencing high levels of the following…

  • Cyber Fraud & Cyber Insurance

    In today’s world, technology is vital in order to conduct business. However, this very same technology can also leave your business vulnerable to very costly security threats. Cybercriminals have become very sophisticated and the frequency of cyber crime is on the rise, as well as the financial consequences. It used to be easy to spot a fraudulent email: a massive windfall from a lottery you’ve never heard of, an inheritance from a long lost relative. Now, they are virtually impossible to spot. According to the FBI, between October 2013 and May 2018, some $12.5 billion was lost worldwide due to…

  • Employment: is it about managing relationships or getting the work done?

    The Workplace Relations Commission (WRC) provides information on industrial relations, rights and obligations under Irish employment and equality legislation. Its masthead clearly explains the purpose of the the State’s Industrial Relations agency and how it views employment – it’s all about managing relationships. If you’re an employer – particularly an Irish entrepreneur – you didn’t start your business to add another complex relationship to your life with every person you took on: your goal was to produce your product or supply your service and make a little profit at the same time. Employees, when it came time to hire them,…

  • Construction Plant Theft: Is Your Site Secure? Do You Have the Correct Insurance?

    According to recent research from Allianz, the number of plant theft claims in the UK has increased steadily over the past five years. This caused the construction industry in the UK to lose £800 million in 2017, through the theft and vandalism of plant and machinery. In Ireland, it is estimated that approximately €7.8 million worth of items were stolen from construction sites in 2017. In that same year there were 4,562 incidents of construction crime, marking a 35% increase on the figure for the previous year. More than €21,500 worth of construction tools and equipment is now stolen nationwide…

  • Health & Safety: Still The Most Important Tool for Controlling Insurance Costs

    Personal Injuries Commission confirms Irish soft tissue awards are now 4.4 times that of the UK. The second and final report recently issued by the Personal Injuries Commission confirmed that the level of general damages for soft tissue injuries in Ireland is now 4.4 times the level awarded in the UK. The Commission’s findings only relate to general damages and do not include the cost of legal fees. For Irish construction firms, it is more often the level of awards and legal costs associated with seemingly minor incidents that cause the most frustration. Even where there is a strong defence,…