LAWYERS have helped to shed light on skeletons in South Yorkshire company cupboards with a workshop on managing the risk of legacy disease claims.
Business managers, directors, brokers and insolvency practitioners from throughout the region attended the event, hosted by the Sheffield office of international law firm Kennedys.
The seminar focused on liability for legacy disease claims, particularly asbestos-related, and steps that companies can take where there is a gap in insurance cover.
Delegates received advice on dealing with dormant companies and group structures as well as information on the significance and role of the Financial Services Compensation Scheme.
Kennedys corporate restructuring and personal injury claims partners Steven Fennell and Greg Wood hosted the free event.
Mr Wood said: “Companies are increasingly finding themselves faced with disease claims relating to alleged exposure to asbestos and noise from employees who worked for them, or for a company they purchased, many years previously.
“Even worse, many find they are unable to trace an insurance policy covering the event or the insurer is now insolvent.
“Such legacy disease claims are increasing and businesses in this region, given its industrial heritage, are seeing more than most. They require expert management and can be hugely damaging if mishandled.”