Political interest in the proportionality of risk control measures has re-surfaced in the UK after a long period where a precautionary approach was automatically assumed. Discussants seem to focus on the opportunity cost of excessive regulation. In our view, efforts to re-focus safety work on significant risks will depend very strongly on the lead set by the courts. To that extent, insurers will be involved in this policy initiative.
Evidence from:
Health and Safety Commission HSC/06/46 April 2006.
“Sensible Risk Management”
In our view, HSC attempts to deal with the issue of proportionality could have an influence on liability risk exposures. Regulatory interventions should be proportionate and will influence the courts.
Further detail: