News

  • 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,…

  • Professional Indemnity – Contract and Tort Explained

    Professional Indemnity (PI) insurance cover protects you from the financial consequences of claims brought by clients or third parties who believe your actions have caused them injury, damage or financial loss. PI claims generally come about in one of two ways. Claims under contract Most claims arise when a client alleges you have failed in your duty to act in their best interests in accordance with the terms of a contract – either real or assumed – and/or to exercise reasonable care and skill. The fact that most PI claims are brought under contract makes it important that your contract…

  • Collateral Warranties & Professional Indemnity Insurance

    A collateral warranty is a warranty that gives a third party rights over an existing contract they are not a party to, writes Terry O’Malley. There are normally two parties to a collateral warranty, the warrantor, who provides the benefit of the warranty and the beneficiary, who is the recipient of the warranty. Professional consultants such as architects, engineers and contractors would usually provide a collateral warranty in a property development. The purpose of a collateral warranty agreement is to create a contractual link between the beneficiary and the warrantor. The benefits of collateral warranties: The beneficiary may be the…

  • Professional Indemnity | What happens when important documents go missing?

    Losing important documents when providing a professional service can prove very expensive indeed. If you mislay key documents, your client could have a case against you for a breach of your professional or contractual duties. The costs of losing documents Professional Indemnity (PI) insurance can protect you against the financial impact of such claims and the cost of your legal defence. But what a standard PI insurance policy won’t do is cover the expenses involved in reinstating any lost documents. These costs can be far from trivial. If you are an architect or an accountant, for example, reinstating lost, stolen…