Page 5 - The Centor Difference

Large Manufacturer: Employers Liability Background: Our client received an Employers Liability claim for an employee diagnosed with “Mesothelioma” which is a terminal asbestos related condition. Problem: The period of asbestos exposure was between 1995 – 2000. Our client had absolutely no idea who his old Employers Liability insurers would have been that long ago. This was also a long time before they became a Centor client. If we could not trace the insurer, the client faced having to deal with the claim themselves. What we did: We made exhaustive enquiries via the Employers Liability Tracing Office and of our clients previous Brokers which took several weeks. The identity of the insurers still evaded us, unfortunately. Finally we tried the Lloyds Policy Tracing office, which finally gave us some information on the Underwriting agencies involved at the material time, both of which ceased to exist and were in “run off”. Further enquiries with the administrators of those run-off schemes finally gave us the information we needed. The run-off insurers confirmed they were “on risk” and the claim investigations got underway. Outcome: Thanks to our exhaustive and time consuming detective work, the client was protected from this un-insured loss exposure which would have cost the business a huge sum. The claim was finally settled by the insurers at over £306,000, which they would have otherwise had to pay themselves.