lorica

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  • Delivering consultancy, value and innovation in designing and building reward and benefit schemes.

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  • Expert, impartial advice on designing building and running innovative pension solutions for corporate clients.

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  • Providing consultancy and innovative and engaging product solutions for wellbeing of domestic and international  employees.
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  • Solutions for efficient Corporate Life Assurance, Income Protection and Claims Management.

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  • Advice and guidance for individuals to enable intelligent decisions to secure your financial future.

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  • Workplace financial education programmes.


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Management Risks

The two main areas in which we provide advice are Directors' and Officers' Liability and Employment Practices Liabilities. While these are complex subjects, our experienced staff will lead you through the in-depth discussions needed to identify and mitigate the risks to you and your business.

There is an increasing tendency to take both civil and criminal action against individual directors of a company rather than, or as well as, the company itself.

Criminal actions can be brought under many statutes resulting in fines or imprisonment. There are more than 200 provisions under Companies Acts alone as well as health and safety legislation, environmental protection acts and data protection laws.

Employees can bring civil actions under statutes relating to employment, race and sex discrimination and now age. Those trading with the company can bring actions against directors for losses arising from the company failing to honour contracts. Persons who suffer from any tort committed by the company can sue individual directors.

The above problems are compounded by the provisions under the Companies Act, which prevent the company expending funds to defend individual directors or to pay awards made against them.

Range:

  • Directors' and Officers'
  • Employment practices
  • Charity Trustee liability
  • Pension Trustee liability
  • Credit insurance
  • Fidelity and employee crime