Arc Legal and HB Underwriting team up to tackle employer’s liability gap

Takeover merger jigsaw

Arc Legal Group has partnered with HB Underwriting to cater for the latter’s policyholders who find themselves as employers because of their care needs.

Arc Legal, specialist provider of ancillary insurance products and services in the UK, explained that although traditional home insurance provides cover for the informal employment of domestic employees such as cleaners and gardeners, it is inadequate for anyone receiving payment from the NHS or a local authority to employ carers or personal assistants for homecare needs.

According to the business, individuals receiving such support require commercial insurance due to their status as an employer

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Lords Committee ‘unconvinced’ on FCA name and shame proposal

The House of Lords Financial Services Regulation Committee is unconvinced on the FCA’s name and shame plans as it branded the consultation an “abject failure” and urged if concerns have not been addressed in the regulator’s second consultation the proposals should not go ahead.

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