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News - 1 August 2014

New role for NFB

 The National Federation of Builders (NFB) is to have two representatives on the board of the Employers’ Liability Insurance Policy Tracing Office. 

 
The NFB is the only industry body to be representing employers following two years of active dialogue with the Association of British Insurers and the Department for Work and Pensions.
 
Lavinia Newman, Founder of ABDS and a qualified Mediator comments:
“The ELTO tracing service, which was established in April 2011, is the insurance industry’s initiative to provide claimants with improved access to employers’ liability (EL) policy records. After two years of improving performance at the office, this is further evidence of the insurance industry’s commitment to continue to invest in and further improve their tracing activities as the volume of enquiries grows.”
 
Chair of ELTO Adrian Brown said: “ELTO is delighted to welcome the NFB staff to our advisory board. They are an important addition as the voice of the employers and we look forward to their industry insights.”
 
Richard Beresford, chief executive of the NFB said: “The addition of two NFB representatives to the ELTO boards is the culmination of two years of dialogue and engagement with the ABI and the DWP. It is a great example of industries working together with government to ensure the inclusion of all sides in what can be a fraught arena. 
 
Many of the tracing enquiries ELTO receives are related to the construction industry, and can involve the onset of asbestos-related diseases such as mesothelioma, which kills on average over 2,000 people each year. Because of its long latency of over 30 years, claims arise well after the companies involved have closed down, merged or reformed, and very often in these cases there is an issue with tracing decades-old policies. 
 
Those most at risk are men who worked in the building industry before 1999 when asbestos was used extensively. According to the Health & Safety Executive (HSE) cases are set to rise to around 2,500 deaths each year by 2016 and to reach a peak between 2016 and 2020. 
 
If you need any help and advice for your business on the implications of central and local Government Funding initiatives and the construction industry, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help
 
ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900 E-mail: abds@netaccountants.net
 
Brilliant with numbers  
Great with people  
Clear and precise with advice
Timely and cost effective
In touch with issues that face our clients
Mindful of our client’s long term strategic goals
 
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