Firms were fined £5.5m in the year following the introduction of the Fee For Intervention (FFI) regulations.
July 24, 2014
Firms were fined £5.5m in the year following the introduction of the Fee For Intervention (FFI) regulations. With 36% of those fines hitting the construction industry you need to know:.
1. Risk management is better than cure
Having robust systems and processes in place is the most important thing you can do to keep on side of HSE inspections.
2. Breaches can open up Pandora’s box
Paying the fine may not be the end of the matter. Invoices will be issued every 2 months until the inspector is satisfied the breach has been remedied. So paying the fine does not mean there will not be further fines. Worse still, paying a fine could be used as evidence against you in future criminal prosecutions – effectively an admission of guilt.
3. We can underpin your risk with insurance
We spoke to various trade sectors including members of leading trade associations and have created a cost effective insurance solution.
Square Mile Broking has negotiated a Management Liability product that includes full cover for FFI, along with unlimited advice from solicitors on any business topic, not just FFI.
Our solicitors employ specialists in HSE and FFI who will support you throughout the HSE’s intervention – which could range from an inspection only to a full and lengthy investigation including caution interviews.