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The High Court in London approved a swift payout settlement between the victims and insurers of the shops that sold the Chinese-made furniture which left many buyers complaining of burns.
The victims’ conditions were found to stem from the chemical DMF (dimethyl fumarate) which had been used in the production of several models of sofa.
A group action was launched against three retailers of the furniture – Argos, Homebase and Walmsleys – all of whom admitted liability.
Solicitor Richard Langton, of Russell Jones and Walker led the group litigation against the retailers, said after the hearing that claimants could expect to receive between £1,250 and £10,000 depending on their circumstances.
Liability insurance should the worst happen
- Employers Liability Insurance Required by law and it covers personal injuries sustained in the course of their employment by your employees.
- Public Liability Insurance This covers injury to a member of the public or damage to their property caused by you or your business. Premiums depend on the type of business you run, your turnover and the number of employees you have.
- Products Liability Insurance If you supply a product you are legally responsible for any damage or injury that the product you supply may cause. Products Liability will cover you against any compensation awarded as a result of damage or injury caused by your product.
- Directors & Officers Liability Insurance A policy that protects officers and directors of a corporation from liability in the event of a claim or lawsuit against them claiming wrongdoing in connection with the company’s business.
Liability insurance is essential for any business today with personal injury and group action claims running into millions. Liability insurance an essential business expense that you can buy for less when you compare liability insurance quotes online at CompareCrazy.com
