On 1 August this year, despite almost 20 years after the Law Commission first talked about this provision and five years since this Act was passed through Parliament, The Third Parties (Rights Against Insurers) Act will come into force.
The Act will update the Third Parties Act (1930) and will be of particular relevance to the construction industry. The Act will enable individuals to take direct action against insurers and will assist a third party in receiving compensation for losses caused by an insolvent person, or company who has liability insurance.
The key changes introduced by the 2010 Act are:
The Act will be particularly beneficial for:
If you need advice on this, or any personal injury matter, please contact Colin Cook at Hatch Brenner on 01603 214 220 or [email protected].