Similarities vs Differences of Unit Trusts and Open-Ended Investment Companies

Two of the most common types of investment fund are unit trusts and open-ended investment companies (OEICs). They share many traits, but they also have some important differences.

Both types have proved popular in recent years. This is because they can offer a practical and affordable way for clients to diversify across different asset classes without the pressure of having to routinely make calls on individual stocks and shares. This is particularly true if investors do not have the expertise. Buying units or shares can ultimately provide a much wider spread of investment than an investor could have otherwise achieved with the same amount of money. OEICS have also increased in popularity due to their simplified structure. Many Unit Trusts have converted into OEICS in recent years.

Similarities Between Unit Trusts and OEICs

In many respects unit trusts and Open-Ended Investment Companies are the same. They are both open-ended. The price of each unit also depends on the net asset value of the fund’s investment portfolio.

You can generally choose to have dividends paid to you as income or reinvested in the fund.

Both fund vehicles can invest in a wide range of asset classes, geographies, and sectors.

Unit trusts and OEICs are collective or mutual funds. They both allow the monies contributed by a number of investors to be “pooled” together for investment in the stock market. 

A fund manager also runs both Unit Trusts and OEICS. In addition, both Unit Trusts and OEICS charge fund holders management fees.

Differences Between Unit Trusts and OEICs

The key difference between the two is pricing.

Unit Trusts have an “offer” price at which an investor can buy them, and a “bid” price at which an investor can sell them. OEICs, on the other hand, have a single price. The difference of the two costs, (bid-offer spread) is typically 6-7%. This is an extra cost that an investor must weigh up. Charges for an OEIC are deducted explicitly from the total amount invested.

This leads many to state that OEICs pricing is fairer and more transparent.

Investment in a unit trust involves buying a proportion of the total fund – known as a “unit” – while an OEIC involves buying an actual share in the investment company.

Another subtle difference between the two is that trust law governs a Unit Trust, whereas company law governs an OEIC.

How We Can Help with Unit Trusts and Open-Ended Investment Companies

Here at The Compensation Experts, we work with solicitors who have years of experience with financial mis-selling claims. This means that they can help with the similarities and differences between unit trusts and open-ended investment companies. If you think you may have a potential claim, contact us today by filling in or contact form. Or call us to speak to one of our friendly knowledgeable agents.

Common Reasons Investments are Mis-Sold

The Financial Conduct Authority (FCA) – which regulates financial services and markets in the UK – states that an advisor must sell financial services in a way that is fair, clear, and not misleading. This means that if you have been advised to take out an investment product by a financial advisor in the last 30 years you may have been given poor or unsuitable financial advice. This means that, historically, there may be a lot of reasons investments are mis-sold.

common reasons investments are mis-sold

Common Reasons Investments are Mis-Sold

There are a number of reasons that investments may have been mis-sold. Here are some of the common reasons why:

  • The risks associated with the financial product were not explained to you. The advisor should have assessed your attitude to risk and recommended a product that suits your own risk profile and your capacity to make a financial loss. 
  • An advisor did not give you the correct information, or did not tell you how your money would be invested. They also did not tell you about the risk involved with that investment. So, you ended up with a product that is not right for you.
  • You were not made aware of additional charges and fees which you have incurred following advice. The advisor should provide you with illustrations detailing how the initial and ongoing charges may impact on your investment.
  • The advisor did not assess your personal circumstances. An advisor should consider your personal circumstances such as your income, future financial plans, existing investments, and previous investment experience; so that they can recommend the right product for you.
  • The advisor did not give you the full range of investment options or products.  Some advisors were acting as ‘tied agents’ for their place of work. Consequently, they were only able to recommend products sold by the bank or financial institution they worked for. This means the advisor may not have given you your full range of investment options.
  • You experienced hard sales tactics and felt uncomfortable or pressured into an investment that you didn’t really need or want.

If you have experienced any of these, then you may have been mis-sold the investment and may be able to make a mis-sold investment claim.

How We Can Help

Here at The Compensation Experts, we work with solicitors who have years of experience with financial mis-selling claims. This means that they can help with the most commo reasons investments are mis-sold when making a claim. If you think you may have a potential claim, contact us today by filling in or contact form. Or call us to speak to one of our friendly knowledgeable advisors.

Common Barriers to making a Financial Mis-Selling Claim

When it comes to making a financial mis-selling claim, particularly a mis sold investment claim, there are many barriers that people feel like they come up against. That is where The Compensation Experts are here to help.

Our advisors can guide you through the process of making a claim and help with any barriers that you may come up against. Then, we can get you in touch with one of our expert panel of solicitors.

barriers to making a financial mis-selling claim

Here are some of the common barriers to making a financial mis-selling claim.

The bank will not take the complaint seriously, or instantly decline your complaint

Our experienced experts understand a financial advisor’s obligations when recommending a product. Which means we know what to formally complain about, giving you the very best chance of obtaining compensation

There is too much jargon used in the selling of financial products, which can be confusing for consumers. This can result in a reluctance to formally complain

Our friendly and knowledgeable experts will explain all aspects of the claim in everyday terminology, that is easy to understand

You did not lose your own capital and feel there is no cause to complain

If you broke even on your investment or made a poor or disappointing return you may still be able to claim substantial compensation. This is because you could have made a far better return if they had recommended a more suitable product.

I have lost trust in my bank and do not trust them to deal with my complaint as they should

Financial advisors, working for banks or independently, are regulated for the Financial Conduct Authority (FCA). The FCA impose clear rules and timescales on how firms must deal with complaints and treat customers fairly

I do not have paperwork about the investment and cannot recall the circumstances well

Paperwork and detailed information are often not necessary, as we will gather the full details from the provider and assess this for you. We will then communicate the results to you in clear language

It seems like a lot of work and hassle. I am busy, so I just do not have the time or inclination to make a complaint

At The Compensation Experts a financial expert will do all the work for you. It is a hassle-free process which requires very little of your time.

I do not want to make a complaint and get anyone in trouble

The complaint is made to the company who the advisor worked for so it will not impact on an individual.  Banks and life offices deal with complaints within a separate complaint team.

The company who advised me are no longer trading

We may still be able to submit a claim on your behalf for lost capital to the Financial Services Compensation Scheme (FSCS). Our friendly financial experts will quickly be able to establish whether we could make a claim in this scenario

I will do this myself for free or get a relative to do it for me

Yes, you can do this yourself for free.  Please be mindful that you only get one chance to successfully claim the compensation you could be entitled to.  We will use our experience and expertise to give you the best chance of success with your one opportunity.

I don’t think I will be owed any money

Many consumers hold this belief, and then receive thousands of pounds.  The interest rates before the UK recession were far higher, which means you would have made a very good return in a savings account.  For this reason, you may still have lost out substantially. There can also be substantial interest figures added to the compensation awarded.

How We Can Help with Barriers to Making A Financial Mis-Selling Claim

Here at The Compensation Experts, we work with solicitors who have years of experience with financial mis-selling claims. This means that they can help with any barriers you feel you are up against when making a claim. If you think you may have a potential claim, contact us today by filling in or contact form. Or call us to speak to one of our friendly knowledgeable advisors.

Revealed: The Top 10 UK Cities for Dangerous Driving

There were 131,220 road traffic casualties in the UK from July 2019 – June 2020, 1,580 of which were fatal.

With roads throughout the UK a major risk for both drivers and pedestrians alike, we decided to run a survey to find out how many Brits knowingly break driving laws. From drink driving to speeding, using your phone and more, it’s time to find out which cities are home to the most dangerous drivers in the country.

Bristol has the most dangerous drivers

Out of the whole of the UK, we can reveal it’s Bristol’s roads that are home to the most dangerous drivers in the country, followed by London, Cardiff, Leeds and Glasgow.

Whilst 97% of Brits agree that being distracted whilst driving is dangerous, 48% admit to eating and drinking whilst driving, and 47% admit to both driving whilst being tired, and speeding.

With 33% of Brits saying they’re nervous drivers, that’s not really a surprise, considering the number of people that do commit illegal acts whilst driving; yet 34% say they’re not aware of all of the rules and regulations.

86% of Brits think that the government should be doing more to prevent dangerous driving – and once you’ve read these stats, if you’re not currently in agreeance with this statement, you soon will be…

Leeds is the speeding capital of the UK

Bristol might have the most dangerous drivers in the UK, but only 13% admitted to driving over the speeding limit; whereas in Leeds, 53.6% say they’ve driven faster than they should.

Over 50% of drivers in Norwich, Bristol and Cardiff also admitted to speeding in the past too. Whilst Southampton has the lowest number of pedal-happy drivers, nearly 40% of those surveyed admitted to speeding, which is still a very high statistic.

27.7% of Birmingham drivers use their phones whilst driving

It’s a close competition, but Birmingham comes out on top with the most number of drivers using their phones, followed by London, at 27.7% and 27.2% respectively. The first laws relating to using phones whilst driving was introduced in December 2003; and since March 2017, drivers caught using a phone will get six points on their licence, and a £200 fine.

Cardiff is the capital of driving over the limit

In England, Northern Ireland and Wales, the alcohol limit is 80mg of alcohol per 100ml of blood, and in Scotland, it’s 50mg of alcohol per 100ml of blood.

Shockingly, 17% of Cardiff drivers have admitted to getting behind the wheel whilst drinking over the limit, with Norwich and Bristol drivers in second and third place. In contrast, Edinburgh was the only city in the country where no one admitted to drink driving – and in fact, no one from Edinburgh said they drove under the influence of drugs, or applied makeup whilst driving.

19% of Brits say they don’t know the rules for driving after having a drink, but most shockingly, is that 22% of people surveyed thought that having a drink POSITIVELY impacted their abilities as a driver.

You might think that driving 5 miles over the speed limit doesn’t pose any real threat, or that just having that one extra drink won’t effect you at all; but the truth is, these actions could have catastrophic – and deadly – consequences.

If you or a loved one has been a victim of a road traffic accident and are looking for compensation, get in touch to find out how we can help you. Alternatively, head on over to our blog for more information.

Top tips for avoiding workplace injuries in the office

It’s the moment we’ve been waiting for: after nearly 18 months of working from home, offices across the UK are opening back up, and so many of us can’t wait to catch up with colleagues and resume meetings face-to-face!

But because we haven’t been in the office for so long, it’s important to be extra cautious, to ensure we reduce the risk of accidents at work. Here, we outline five ways you can keep your employees happy and safe in the office.

1. Create and implement a safety programme

Before your employees return to the office, take the time to have a walk around, and identify anything that’s a potential hazard. Then, you can take steps to remove that hazard, and prevent it from happening again.

When staff come back, set aside half a day where you can train them on how to keep the office safe, and encourage them to report potential hazards when they see them. It would also be beneficial to send some of your employees on a first aid course, just in case anything should happen.

2. Keep your office clean and tidy

Loose wires and cables are a sure-fire way for your employees to injure themselves by tripping over them. Ensure cables are neatly tucked away, no boxes are left on the floor, and that desks are kept clean. If there are any spilt liquids in the kitchen, make sure you wipe them up, even if you didn’t spill it (and make sure employees have the same mentality!); in order to prevent potential accidents before they happen.

3. Empower employees with the information they need

Whilst as a general rule, office workers may not be required to do a lot of heavy lifting; there may be an occasion where a heavy parcel gets delivered, or employees are moving desks and need to lift computer monitors and chairs. If you know that something like this is likely to happen, provide them with the knowledge they need to do it safely, and injury-free.

And if you don’t know how to safely lift a heavy object, follow these simple steps:

  • Bend your knees and squat as you pick up the object
  • Keep your back straight
  • When putting the object down, take the weight in your legs, not your back

4. Set up all office equipment correctly – and regularly audit it

When you think of a workplace accident, slips, trips and falls likely spring to mind; but there are other, less-obvious accidents that are waiting to happen.

With people coming back to the office, it’s the perfect time to ensure all equipment is set up correctly. Make sure all office chairs are set up to provide the right amount of back support, and that keyboards and monitors are at the right angle.

You should also encourage all employees to take regular screen breaks, to give their eyes a rest. Having a quick tea break and catching up with colleagues is great for wellbeing too, so it’s a win-win situation!

5. Avoid the temptation of shortcuts

It sounds obvious, but mistakes are most likely to happen when tasks are done quickly. Your employees’ safety should be the most important thing to you, so when implementing safety measures, don’t cut corners.

You should also encourage your employees to do the same – completing a task they’ve done before may make them think they don’t need to take adequate safety measures, but it could cause an injury, so it’s better to be safe than sorry.

Injuries in the office may not be as common as other workplaces like construction sites or factories, but that doesn’t mean they don’t occur. However, by taking the steps to safety-proof your office, and educating your employees on the role they play too; you’re helping to significantly reduce the risk.

For more safety information, head on over to our blog, or to find out more about claiming for an injury, get in touch with us.

Summer Sports Injuries

With summer just around the corner, there will be ample opportunity for adults and children alike to partake in outdoor leisure activities. This includes many summer sports. However, with time spent outside playing sports, comes the risk of summer sports injuries.

According to the British Heart Foundation, some of the most common summer sports are football, tennis, cricket, rugby, golf, and cycling. As well as childhood favourite rounders. These sports all come with risk of accidents, but sometimes, these accidents are avoidable.

Most people participate with the knowledge of the risk involved and take adequate steps to prevent injury to themselves or other participants. There are instances, though, where an injury occurs that is not your fault; you may be able to make a sport injury claim.

You can make a summer sports injury claim if your injury occurs as a result of negligence on somebody else’s part. For example, if a tournament was poorly organised, equipment was not maintained, or proper safety training was not given.

Summer sports injuries

Summer Sports Injuries

There are many different injuries that someone can have whilst playing a summer sport. This is due to the variety of sports that people can play in the summer. Some of the most common summer sports injuries include knee injuries, sprains, strains, fractures and breaks, and concussion.

Common causes of summer sports injuries include:

  • Illegal tackles/foul play
  • Improper coaching
  • Faulty/poorly maintained equipment
  • Dangerous behaviour from other players. For example, using hockey sticks illegally
  • Playing sport on uneven flooring
  • Being subject to dangerous conditions, such as poorly built horse jumps

Due to the nature of sports, and because a lot of the accidents involve children, sometimes accidents are unavoidable. However, if the accident happens because of negligence, or it could have been avoided, then you may be able to make a claim for summer sports injuries.

Claiming on Behalf of A Child

If a child has a summer sports injury due to an accident, then a parent or guardian may be able to make a claim on their behalf. Any compensation is put into a special fund or trust for the child to access when they turn 18. Or managed by trustees to cover the cost of caring for a child with a disability sustained as the result of injury.

Usually in personal injury cases, there is a three-year time limit from when the accident happened. However, this is not the case if a child has an accident. In that case, a parent or guardian can make a claim on their behalf until they turn 18, and after that, they have until they turn 21 to make a claim for themselves.

How we Can Help with Summer Sports Injuries

Here at The Compensation Experts we work with solicitors who have years of experience dealing with personal injury claims. This includes summer sports injury claims. Contact us today by filling in our contact form. Or call us on 01614138765 to speak to one of our friendly knowledgeable advisors.

E-Scooter Rider and Passenger Suffer Serious Injuries After E-scooter Accident

Police are investigating a crash between an E-scooter and a vehicle in Wolverhampton. The crash left the e-scooter rider and a passenger with serious injuries. The rider of the E-scooter and a passenger are both in hospital after the e-scooter accident.

Police appealed for help in a statement released after the accident:

‘We’re appealing for witnesses after a man riding an e-scooter was critically injured in a collision with a car in Wolverhampton. The 20-year-old man riding the e-scooter was taken to hospital to be treated for a serious head injury, while a woman, aged 19, believed to have been a passenger on the e-scooter was also seriously injured. The woman driving the car was not hurt.

‘Officers are carrying out CCTV and house-to-house enquires and are appealing for anyone who saw what happened or who has dashcam or other footage, to get in touch’.

News of the incident comes amid a rise in popularity of electric scooters, also known as e-scooters. The e-scooters top speed is typically 25mph, though some can reach double that. Under current legislation, it is illegal to ride privately owned e-scooters on public roads, pavements, or cycle lanes. In the cities that have the e-scooter trials, people who have rented the scooters can ride them on roads only, and cycle lanes.

e-scooter accident

E-Scooter Accidents

Many cities in the UK are now holding trials of e-scooters. However, there have been reports of accidents in other cities. The latest figures show that more than 70 people have been injured in accidents involving e-scooters. Transport bosses have suggested that e-scooters could be 100 times more dangerous than bicycles, while campaigners insist that they are terrorising people on pavements.

Due to the fact that E-scooters must meet the same standards as motor vehicles, if you have an accident involving an electric scooter then you may be able to make a claim. This is true if you are riding an e-scooter or if an e-scooter hits you as a passenger.

If you have an electric scooter accident as a passenger then you may be able to make a claim. You may also be able to make a claim if you were riding an e-scooter and you have an accident involving a car. There are other examples where the person riding the scooter is uninsured or untraceable. In these cases, you may still be able to make a claim. The Motor Insurers’ Bureau deal with compensation claims for people who have accidents with uninsured or untraceable drivers.

How we can Help if You Have Had an E-Scooter Accident

Here at The Compensation Experts we work with solicitors who have years of experience dealing with personal injury claims. This includes electric scooter accidents. If you have had an e-scooter accident, contact us today by filling in our contact form. Or call us on 01614138765 to speak to one of our friendly knowledgeable advisors.

Accidents in UK Hotels

With overnight stays now allowed in much of the UK, and many people being advised to not travel abroad, there is set to be a boom in UK travel, and staying in UK accommodation. But with this, the number of accidents in UK hotels may rise.

accidents in uk hotels

Occupier’s Liability Accidents in UK Hotels

Any private premises in the UK has an owner; someone who is responsible for keeping people who visit the premises safe. Private premises can be anything from shops to car parks. They also include UK hotels and other accommodation. Occupier’s liability is the area of law that deals with this duty of care and occupier’s liability accidents. It concerns anyone who owns a property that the public can visit.

Some common occupier’s liability accidents in UK hotels include:

  • Slipping on wet surfaces with no wet floor sign
  • Tripping over uneven floors or obstacles left in walkways
  • Accidents in car parks due to bad lighting
  • Malfunctioning lifts and automatic doors

These causes of accidents are easy to avoid. The owner of the premises should ensure that they put measures in place to avoid accidents like this from happening. They must ensure they follow rules set out in the Occupiers Liability Act 1957 to minimise the risk of accidents happening. If they fail to do this then they may be liable if someone has an accident on their premises.

Children’s Accidents in UK Hotels

Some of the most common occupier’s liability accidents involve children. This is no different for accidents in UK hotels. If children are visiting a UK hotel, then the owner must take extra care to minimise the risk of them having accidents. This is because children tend to be less careful than adults, which leads to more accidents.

If your child has an accident in a private place, then you may be able to make a claim on their behalf. If the child is under 18 then a parent or guardian may make the claim for them. They are known as a litigation friend. Any compensation will be held in a trust until the child turns 18.

The time limits for making a claim on behalf of a child slightly differ from those of an adult. Usually, the time limit for making a personal injury claim is three years from the date of the accident. However, where the accident involves a child, a parent or guardian may make a claim on their behalf until they turn 18. Once the child turns 18, they then have until their 21st birthday to make a claim for themselves.

How We Can Help

Here at The Compensation Experts we work with solicitors who have years of experience dealing with all manner of personal injury claims. This includes accidents in UK hotels, and other occupier’s liability claims. If you have had an accident of this kind, contact us today by filling in our contact form. Or call us on 01614138765 to speak to one of our friendly knowledgeable advisors.

Brain Injury Awareness Week

This week (17th-23rd May) is action on brain injury week, hosted by the charity Headway. There is a different theme every year, and the theme of this year’s campaign is A Life of Lockdown. It sets out to highlight the effects of lockdown and isolation during the recovery period of suffering an injury.

Brain injuries are often serious injuries and so can mean your life can change drastically. You may require modifications to your home or vehicle or may have to give up work. In some cases, people who suffer them may require support from a carer.

Causes of Brain Injury

There are a number of causes of brain injury with varying levels of severity. Some of these include:

If you or a loved one have suffered a brain injury and it was someone else’s fault, then you may be able to claim compensation.

Effects of Brain Injury

A brain injury can have a wide range of effects. While many people recover quickly after a minor head injury, this is not always the case and people may experience longer-term effects. 

The more severe the injury, the longer-term and more pronounced the effects are likely to be. Some people may spend time in a coma, or experience a more prolonged reduced awareness state. During the early stages of recovery, brain injury survivors often go through a stage where they have no continuous memory of day-to-day events. Their behaviour may also be very uncharacteristic and confused. 

A brain injury can cause behavioural and emotional changes, hormonal imbalances, difficulties with cognition and memory, a range of communication problems, physical effects and, very commonly, fatigue. 

brain injury

Claiming on Behalf of Someone Else

Many brain injuries mean that the person who suffered them may not be able to make a claim for themselves. This may be due to the injury meaning they do not have the mental capability to make a claim. In cases where this happens, the person’s next of kin, or a person who is legally allowed to, such as someone who has power of attorney, will be able to make a claim on their behalf.

In circumstances where a loved one dies from their brain injury, the next of kin can also make a claim on their behalf if it was someone else’s fault.

We know that, when a loved one suffers a serious injury such as a brain injury, the last thing you may be thinking about is making a claim. However, the solicitors we work with can help with the stress of the financial impact that an injury like this can have.

How We Can Help

Here at The Compensation Experts we work with solicitors who have years of experience dealing with all manner of personal injury claims. This includes accidents that cause brain injury. So contact us by filling in our contact form. Or call us on 01614138765 to speak to one of our friendly knowledgeable advisors.

Woman in Hospital After Hit and Run Accident with Motorbike in Newport

An 83-year-old woman is in hospital after a motorcycle hit her and then fled the scene in Newport. The woman suffered head, shoulder, and arm injuries in the accident. The woman was a pedestrian in the hit and run accident.

Pedestrian Accidents

A pedestrian accident is a road traffic accident that involves a pedestrian and a vehicle. The most common pedestrian accidents are cases where a pedestrian is hit by a vehicle. This can be due to

  • Vehicles speeding
  • Not paying attention whilst driving
  • Driving whilst under the influence
  • Driving carelessly
  • Ignoring the rules of the road
  • Hit and run accidents

A pedestrian accident can cause serious injuries. This is because pedestrians rarely, if ever, have any way of protecting themselves from a vehicle. Subsequently, if you have experienced a particularly traumatising traffic accident, you may find that your mental health is impacted as much as your physical health.

Who is to Blame for the Newport Hit and Run Accident?

There are instances where the motorcyclist may be at fault, and there are instances where it may be someone else’s fault. Instances where a motorcyclist may be at fault include not having lights on their bike, riding whilst under the influence of alcohol or drugs, or riding carelessly. If a motorcyclist has not followed the rules set out in The Highway Code, then they may also be at fault.

There are also cases where the pedestrian can be at fault. These include crossing without looking, crossing behind a parked vehicle, acting recklessly, and wearing dark clothing at night.

In the case of the Newport accident, the police do not know who was at fault for the accident. However, the motorcyclist fled the scene after the accident, which may mean that they were the party at fault for the accident. The local police are currently investigating the accident.

Claiming for A Hit and Run Accident

If you were involved in an accident where the driver is untraceable, then you may still be able to make a claim. In these cases, The Motor Insurers’ Bureau run the claim. The Motor Insurers’ Bureau is an organisation that insurance companies pay into, in the event of an accident where one of the parties is an uninsured or untraced driver. This would be the case if the driver involved either drove away or they were uninsured.

However, you must report all road traffic pedestrian accident claims to the police at the time of the accident, or soon afterwards. The Motor Insurers’ Bureau will then pay the compensation rather than the insurance company.

How We Can Help

Here at The Compensation Experts we work with solicitors who have years of experience dealing with all manner of personal injury claims. This includes pedestrian accidents and motorcycle accidents. If you were injured in a hit and run accident, contact us by filling in our contact form. Or call us on 01614138765 to speak to one of our friendly knowledgeable advisors.

Accidents that Cause Deafness

There are many types of accidents that cause deafness. Some of the most common include industrial deafness, noise-induced hearing loss and head injuries. Industrial deafness and noise-induced hearing loss build up over time, whereas head injuries are usually more instant.

The severity of deafness and whether the deafness is permanent is a big factor in accidents that cause deafness, as both of these have different implications. If you have had an accident that has caused deafness, then you may be able to make a claim for compensation.

accidents that cause deafness

Industrial Deafness

Industrial deafness occurs when a person works in a noisy environment for a prolonged period with inadequate or no hearing protection. There are several industries where industrial deafness or noise-induced hearing loss are common. There include construction, manufacturing, and military.

Health and safety laws clearly state that if a worker is exposed to noise levels of 80 decibels either daily or weekly, then they should receive training about the dangers of noise levels and given access to hearing protection. Even with hearing protection, no employee should work where the average noise level is over 87 decibels. Employers have a duty to monitor the sound levels accurately to ensure the working environment is safe. There are laws in place to make sure that at-risk workers are protected in workplaces with high noise levels. Employers should take steps to meet the terms in The Control of Noise at Work Regulations 2005

The Compensation Experts can also help with acoustic shock claims. Unlike industrial deafness, which usually occurs after prolonged exposure to loud noise, acoustic shock comes from a sudden noise. For example, a call centre worker may be affected due to a broken headset, or a sound engineer may be harmed by a technical fault. Acoustic shock does not cause hearing loss, but it does cause sensitivity to loud noise and recurring tinnitus.

Head Injuries

Another accident type that can cause deafness are accidents that cause head injuries. These injuries can come from numerous types of accident, including road traffic accidents, falls from height, assault, and accidents at work.

Suffering a head or brain injury can be a life-changing and traumatic event. Both for the person suffering the injury and their friends and family too. Often this kind of injury can leave people needing constant care and special equipment to help them get by. 

Claiming Compensation for Accidents that Cause Deafness

There are many reasons to claim compensation for accidents that cause deafness. You may have to make changes to your day-to-day life, you may have to pay for hearing aids, or you may even have to have surgery. Compensation can help with the financial aspect of accidents that cause deafness. This means you have one less thing to worry about.

We know that when you have an accident the last thing you may think about is making a claim. However, if you have had an accident that someone else was to blame for, then the solicitors we work with can help you claim the compensation you may be entitled to.

How We Can Help with Accidents that Cause Deafness

Here at The Compensation Experts we work with solicitors who have years of experience dealing with all manner of personal injury and industrial disease claims. This includes accidents that cause deafness, and industrial deafness. Contact us today by filling in our contact form. Or call us on 01614138765 to speak to one of our friendly knowledgeable advisors.

Accidents on Home Treadmills Cause Peloton to Recall Tread Products

There has been reports recently of accidents happening on home treadmills, causing injuries and even death. It has caused Peloton to announce that it was recalling all its treadmills with immediate effect in the USA and the UK. With reports of injuries and even deaths surrounding the equipment, there is likely to be plenty of discussion around accidents on home treadmills and their safety risks.

According to the Royal Society for the Prevention of Accidents (RoSPA) more than 2.7 million people attend A&E seeking treatment after having accidents at home.

You may think that if you have an accident on a home treadmill that you may not be able to make a claim. There are a few instances where there are grounds to make a claim. This includes if the treadmill is faulty.

There are many reasons that an accident may happen on a home treadmill, however, if the accident happens because the product is faulty, then it may be the fault of the manufacturer and you may be able to make a claim.

Accidents on Home Treadmills

Faulty Product Claims

We know no one expects products to cause injury, but if a product is faulty or malfunctions, then you may be able to make a claim. You may be able to make a claim for a faulty product if there is a fault in the design or manufacture of the product. You may also be able to make a claim if the product was not maintained correctly. This includes accidents on home treadmills that are defective.

All product manufacturers must follow The Consumer Protection Act 1987. It states that people who buy a product may recover any losses caused if it was defective and caused injury.  Manufacturers must also make the consumer aware of any risks of the products.

If you have had an accident involving a faulty product, then you may be able to claim compensation. We recommend that you keep the product, or at least a photo of it, and the receipt if you still have it.

Claiming on Behalf of a Child

It is a fact that children are the most likely to have accidents in the home. In fact, the death that caused Peloton to recall it’s treadmills was a child. If your child is under the age of 18, you can make a claim on their behalf for any accidents they may have had. The general rule for making claims for compensation states that you have three years in which to make a claim. However, if the claim is on behalf of a child, you have until the child is 18 to make a claim on their behalf. Following that, they then have until they are 21 to make a claim for themselves.

How We Can Help with Accidents on Home Treadmills

Here at The Compensation Experts we work with solicitors who have years of experience dealing with all manner of personal injury claims. This includes accidents on home treadmills. Contact us today by filling in our contact form. Or call us on 01614138765 to speak to one of our friendly knowledgeable advisors.