Aerospace by Yutree

“When everything seems to be going against you, remember that the airplane takes off against the wind, not with it” – Henry Ford

Over recent years there has been a high frequency and severity of losses in the aviation sector. The demand for air travel is continuing to rise steadily every year. This results in increased air traffic, a greater strain on aircraft parts and more pressure on airports and on the entire supply chain. The aviation insurance market is having to constantly evolve to keep up with the changing political, economic and social landscapes in our world today.

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Independent insurance brokers know, all to well, that access to insurance products in the aerospace sector has traditionally been very restricted with a small number of the larger players dominating the space.

At Yutree we are always looking at ways in which we can bring additional solutions to our brokers to help them to compete. To that end, we are delighted to be launching access to a suite of products in the aerospace sector.

What risks can we consider?

  • Airside liabilities – for services airside, contractors working airside, third party liability for vehicles airside or for ground handling agents going airside
  • Airport operations – for airport owners’ and operators’ third party liability
  • Refuelling – for third party liability whilst refuelling/defuelling
  • Products – for aviation component products manufacturers including safety critical items

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Why deal with Yutree?

We have partnered with AIG to bring you access to this specialist suite of products. AIG have one of the most diverse appetites for aerospace risk in the market and have been underwriting this businss for over 65 years. 

We will pay you 10% commission on this business and will not charge any policy or admin fees making dealing with Yutree completely transparent from the outset.

We will respond to your enquiries quickly and will provide you with exclusive quotes to help you to compete in this sector.

If you have an enquiry, or would like to know more, then please get in touch with me at laura.high@yutree.com or call on 01638 675992.

 

 

Liability Insurance for over 600 trades

Yutree are able to consider liability insurance for most trades on our BIBA scheme. October has been a busy month with lots of activity generated by our change of capacity provider and widened underwriting appetite.

To give you a flavour, this month, we have written liability policies for the following trades:

  • Domestic cleaning service provider
  • Marine electrical engineer
  • Mobile crane hirer
  • Piling contractors
  • Calligraphy society
  • Injection moulding
  • Handyman
  • Roofing contractor
  • Landowners
  • Haulage contractors
  • Retailer of beauty products
  • Plumbers
  • Freelance promoter for musicians
  • Personal trainer
  • Civil engineers
  • Swimming pool operator
  • Rigging contractor
  • Car park operator
  • Asbestos surveyor
  • Demolition contractor
  • Manufacturer of sports equipment
  • Groundworkers
  • Plant hirers
  • Game shoot
  • Event logistics manager
  • On-line retailers of home brewing product

Why use Yutree?

  • Fast quote turnaround
  • £150 minimum premiums
  • Exclusive quotes
  • No policy or admin fees
  • ‘A’rated security
  • Competitive premiums
  • Flexible underwriting

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If you would like a quote or to discuss any aspect of trading with Yutree, please call Laura High or one of the team on 01638 675992 or e-mail Laura at laura.high@yutree.com

Keeping your haulage clients on the road

Yutree are specialists in the provision of liability insurance. We have rates for over 600 trades and can, therefore, quote for most liability risks.

One of the trades, which we have a particular specialism in, is road haulage. Our underwriters have a long history of underwriting liability insurance for the haulage sector. We can advise you on your clients’ requirements whether they are an owner operator, a large fleet operator, a freight forwarder, operating car transporters, driving into Europe, employing mechanics, requiring cover for warehousing, carrying hazardous goods or based in Northern Ireland.

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An example of where we are frequently asked for advice is the area of operator’s licences. Haulage contractors require an operator’s licence where their vehicles have a gross plated weight of over 3.5 tonnes or an unladen weight of 1.525 tonnes, where there is no plated weight. There are some exemptions to this rule which we can talk you through although, more commonly arising, there is a misconception in the sector that hauliers can operate under each other’s licences or can circumnavigate this rule in other ways. It is, therefore, important that you are clear as to what your client requires so that, as their broker, you can make certain that they are not invalidating their insurance by operating outside of the law. Please call us if you are unsure and we will be happy to advise you.

Why use Yutree for your hauliers’ liability quotes?

  • £250 + ipt minimum premium
  • £250 third party property damage excess
  • 24 hour quote turnaround
  • Exclusive quotations
  • Northern Ireland risks accommodated
  • Competitive premiums and flexible underwriting
  • 15% commission for employers, public and products liability
  • ‘A’ rated security

Get in touch

If you would like to get a quotation from us then please do not hesitate to get in touch with me or one of the team on 01638 675992 or e-mail me on laura.high@yutree.com

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BIBA SchemeLogo2009

Yutree Completes Transformational New Liability Capacity Deal

We are delighted to announce the launch of our brand new binding authority liability product backed by Endurance Lloyd’s Syndicate 5151. This product replaces our existing BIBA Liability scheme backed by W.R. Berkley along with our other liability facilities.

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What does this mean for brokers?

As Coverholders at Lloyd’s we have been able to partner with Endurance to provide a flexible solution for employers, public and products liability business. With increased capacity and underwriting authority, we are able to underwrite much more of your business in-house offering a fast turnaround on quotes and a much wider risk appetite with rates for over 600 trades. Coupled with market leading cover and with the strong financial backing of Lloyd’s, Liability by Yutree now offers you and your clients so much more.

Coverholder at Lloyd's

“The Yutree Liability scheme has proved very popular with the BIBA membership since its inception in September 2015. The new capacity will further enhance the capabilities of the scheme with many more trades now being able to be catered for, whilst maintaining a  simple and straightforward placement process” – Steve White, Chief Executive, British Insurance Brokers Association

What can we write?

  • Contractors liability for most types of contractor
  • General liability risks including retail, wholesale, manufacturing, leisure, food and drink, freight and transport and clubs and associations and much more
  • Property owners liability for landowners, communal areas, building plots etc

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Why use Yutree?

  • Low minimum premiums of £150 + ipt
  • 600+ trades can be considered
  • Flexible underwriting including being able to accommodate overseas workers, Bartoline extensions, multiple trades, overseas exports etc.
  • Fast quote turnaround
  • No administration or policy fees
  • 15% commission across all sections
  • Standard & Poor’s A rated security
  • Exclusive quotes

If you would like a quote or to discuss any of the above, please feel free to call me on 01638 675992/07712 427988 or e-mail me on laura.high@yutree.com

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A brand new product – Hauliers Liability by Yutree

We are delighted to launch our brand new product, Hauliers Liability by Yutree.

In partnership with Aviva, Yutree are bringing you access to our exclusive hauliers liability product providing employers, public and products liability cover for your haulage, removal and courier clients.

We have a long history of underwriting haulage business and can help you to win and retain business in this sector with our service, advice, cover and premiums.

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Whether your client is an owner operator or managing a larger fleet we are providing a liability solution to deal with the compensation claims which they may be faced with in the course of running their business. From an employee accident at work to third party property damage, it is vital that your client can be confident that all claims will be dealt with swiftly. The transport industry is one which simply must keep moving therefore we provide peace of mind that all legal liabilities are covered by people who really understand the sector.

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Why deal with Yutree for your hauliers liability requirements?

  • Excellent financial security
  • Exclusive quotes
  • Competitive pricing
  • No proposal forms
  • £250 third party property damage excess
  • 15% commission
  • Rating based on wages and turnover
  • Flexible and logical approach to underwriting
  • Minimum premiums of £350 + ipt
  • Excess PL/Prods layers available

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If you would like to discuss a risk, find out more or get a quote then please do get in touch with me or one of the team on 01638 675992 or laura.high@yutree.com

Thank you for your continued support.

 

 

 

Corporate Manslaughter – New Guidelines

In the 18th century, Lord Chancellor, Baron Thurlow stated:

“Corporations have no soul to damn and no body to kick, they therefore do as they like”

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This attitude remained within English law until the case of MS Herald of Free Enterprise.

MS Herald of Free Enterprise was a ferry which capsized moments after leaving the Belgian port of Zeebrugge on the night of 6th March 1987, killing 193 passengers and crew. The ferry had been designed for rapid loading and unloading, so there were no watertight compartments. When the ship left harbour with her bow door open, the sea immediately flooded the decks, and within minutes she was lying on her side.

Investigations found that many employees had failed in their responsibilities that day – one employee had failed to close the bow doors; another had failed to ensure the bow doors were closed; and a final employee had left port without knowing whether or not the bow doors were closed.

A public Court of Inquiry into the incident was held under British Lord Justice Sir Barry Sheen in 1987. The Sheen Report severely criticised the attitude to safety prevalent in P&O, stating:

“All concerned in management… were at fault in that all must be regarded as sharing responsibility for the failure of management. From top to bottom the body corporate was infected with the disease of sloppiness”

This case lead to confirmation that a company can, in principle, commit manslaughter.

Twenty years later, we saw the introduction of the Corporate Manslaughter and Corporate Homicide Act 2007, which created a means of accountability for deaths caused by very serious management failings.

Since the introduction of the Corporate Manslaughter and Corporate Homicide Act 2007, Lion Steel Ltd was charged in relation to the death of 45-year-old employee Steven Berry who fell through fragile roof panelling sustaining fatal injuries. The company pleaded guilty to the offence on 4th July 2012 and was fined £480,000.

In another case, Paul Bowers, 47, was killed on 26 January 2013 when a pile of metal “stringers”, delivered to the warehouse in Hanger 14 of Cambridge airport, toppled on to him. The prosecution said CAV Aerospace Limited was responsible for ordering stock and maintaining health and safety at the warehouse run by a subsidiary. The company, based in Consett, County Durham, denied charges of corporate manslaughter and breaching health and safety but was found guilty.

So why are we talking about it now?

As of 1st February 2016, fines are now intrinsically linked to the turnover of the defendant company. For larger companies, fines may increase from hundreds of thousands into the millions of pounds and fines measured in the millions could become the norm. The Sentencing Council’s Health and Safety Offences, Corporate Manslaughter and Food Safety and Hygiene Offences Definitive Guideline suggests that fines should range from £180,000 to £20,000,000 depending upon the size of a company, but will, essentially, be unlimited. It is clear that the guidelines say that the fine must be sufficiently substantial to have a real economic impact on the defending company and it must bring home, to management and shareholders, the need to comply with health and safety legislation.

Some examples of potential corporate manslaughter incidents that could affect your client include:

–              A pedestrian killed by falling scaffolding

–              A gas leak caused by an unregistered gas fitter

–              An employee injured by faulty machinery

So how can your clients best protect themselves?

Clients should take time to review their existing processes and procedures and consider how the importance of safety can be shared internally so as to improve performance and, ultimately, so that accidents can be avoided.

Where concerns are identified then the following could be considered:

  • An increase in compliance
  • Re-evaluation, re-investment and re-education in health and safety policies
  • Consideration of safety initiatives, procedures and training
  • Consideration of the appointment of a Health & Safety Manager where one does not exist and/or support roles to take responsibility in this area

All of the above will all be crucial to try and ensure that the worst-case scenario never happens. If it does happen, the implementation of the above will enable your client to demonstrate that they did all that they could which could mitigate the impact of an otherwise significant fine.

Your clients should consider the individuals who could be shown to have contributed to any future gross breach of duty of care. The Corporate Manslaughter and Corporate Homicide Act 2007 will put company executives in the firing lines for breaches of health and safety. Directors & Officers liability (D&O) insurance is a relatively inexpensive policy that will be absolutely priceless should a prosecution occur, as it focuses on the directors’ personal financial protection.

Clients should also check their employers’ and public and products liability policies to ensure that the defence and appeal costs are included following any manslaughter. All of Yutree’s liability policies include a Corporate Manslaughter extension as standard.

We hope that you found this article useful. If you would like to discuss liability insurance for any of your clients then please do get in touch with us on 01638 660651 or e-mail us at laura.high@yutree.com

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Why use Liability by Yutree?

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In partnership with BIBA we are providing members with an employers, public and products liability product designed for one man bands through to multi-million pound operations. As well as for general commercial businesses, we provide liability cover for risks which may not fit on-line solutions and which require an underwriter to consider the exposures. This flexible product along with access to underwriters and a straightforward and efficient service offering is proving very popular with brokers and their clients.

WhyuseYutree

As a broker, looking for a liability quote for a trade which doesn’t appear in a drop down menu or if a risk is small or new, is not always easy and can take up half of your day. We want to provide you with a fast and easy solution for these risks with quick quotes and documents issued the same day that cover is instructed.

If you’d like a quotation or to discuss any aspect of trading with Yutree then please give me or one of the team a call on 01638 675992 or 07712 427988 or e-mail me at laura.high@yutree.com

Click here to have a look at our website and find out more

And click here to see our entry on BIBA’s new website

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