Category: Business insurance
A high street fashion chain has received a record fine for fire safety breaches at a central London store.
In news which may illustrate the need for business insurance, New Look was ordered to pay a fine of £400,000 and more than £136,000 in costs at London's Southwark Crown Court.
The prosecution related to a fire at one of the company's Oxford Street branches which Judge Geoffrey Rivlin QC said could have led to a "disaster almost too awful to contemplate".
In April 2007, the store was struck by a fire but the alarm was reset on at least one occasion and staff failed to immediately evacuate shoppers.
A New Look spokesman commented: "As a responsible business we immediately initiated a comprehensive review of our health and safety procedures."
Earlier this month, Eco-Oil of Canterbury in Kent was fined £125,000 for a March 2007 explosion and a large fire at the firm's site in Rochester.
Get a specialist business insurance quote from Swinton Commercial.