alarmcom Posted April 12, 2016 Share Posted April 12, 2016 I picked up on a conversation today or overheard. My understanding is the law in regards to contractors going bust has changed. Our office is persuing a failed contractors insurance company for damages. Anyone else done this? Quote Link to comment Share on other sites More sharing options...
ElecTech Posted April 13, 2016 Share Posted April 13, 2016 I don't have much insight into this but I'd guess that the insurance company will just point to the fact they don't exist anymore and the company that has gone bust aren't covered at the point of claim... Really could be a long road ahead and a big legal battle for someone... Quote Link to comment Share on other sites More sharing options...
norman Posted April 13, 2016 Share Posted April 13, 2016 I'd be interested to hear the outcome of this but doubt it will be fruitful. Quote Nothing is foolproof to a sufficiently talented fool. Link to comment Share on other sites More sharing options...
Shaunb1905 Posted April 13, 2016 Share Posted April 13, 2016 You can get credit insurance, it wasn't that they were talking about is it? Quote Link to comment Share on other sites More sharing options...
PeterJames Posted April 13, 2016 Share Posted April 13, 2016 The insurance company is not responsible for the contractor staying in business, if your trying to claim for non payment they will just point you in the direction of the administrator. If its a case that the contractor screwed a PTZ camera up and it fell off the wall and killed someone that may be a different matter, assuming that the contractor had fully paid their premium. We have just been told by our insurer that we have to keep our employer liability insurance documents for forty years in case an engineer makes a claim on something or other so who knows? Quote Link to comment Share on other sites More sharing options...
alarmcom Posted April 14, 2016 Author Share Posted April 14, 2016 On 13/04/2016 at 9:01 AM, norman said: I'd be interested to hear the outcome of this but doubt it will be fruitful. http://www.eversheds.com/global/en/what/articles/index.page?ArticleID=en/Construction_And_Engineering/Construction_Legislation_update Quote Link to comment Share on other sites More sharing options...
J&D Security Posted April 14, 2016 Share Posted April 14, 2016 Very interesting! Quote janddsecurity@live.co.uk Link to comment Share on other sites More sharing options...
norman Posted April 14, 2016 Share Posted April 14, 2016 Oct 16 Quote Nothing is foolproof to a sufficiently talented fool. Link to comment Share on other sites More sharing options...
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