What is public liability insurance and how it can protect businesses ,Public liability insurance following Terrorism Attack

  PRIVATE CIRCULATION What is public liability insurance and how it can protect businesses Public liability insurance following Terrorism Attack Analysis What is Public Liability Insurance? In simple terms is called ‘Financial blanket’ for Business & Property owners. In general terms when accidents result in injury to a company’s or even property owners (Large or…

Details

Guiding your property owning customers through the maze of bank interest clauses

  08JUNE2015                                                       PRIVATE CIRCULATION BANK INTEREST CLAUSES ON LOANS/MORTGAGES Guiding your property owning customers through the maze of bank interest clauses           What are bank interest clauses? Bank interest clauses are the insurance conditions that a bank inserts within a customer’s finance offering. These usually require specific provisions to be put in place, affecting…

Details

Project Cargo what is covered?

Project Cargo what is covered? Physical Loss or Damage cover under the Material section of the Cargo Cover and not explicit excluded in the DSU(Delayed Start-up) Cover Which Clause do we use? London E.C. Bruce Endorsement under the Cargo Cover or equivalents in the local markets Project cargo insurance is coverage for equipment destined for…

Details

Rejection Insurance

  Rejection Insurance This specialized insurance provides coverage for rejection or condemnation of the goods or cargo by government, port, health or veterinary authorities. Typically the cover is sought for seafood, meat and certain agricultural produce. Cover is normally arranged for a sea voyage from port of departure to port or place of destination and…

Details

Engineering sector Risk Review

Engineering sector RISK REVIEW This month, Adair Lewis analyses the latest data relating to large-loss fires in the UK engineering sector NEW INNOVATIONS in technology have brought immense changes to the engineering sector over the past couple of decades. Whereas engineering The FPA’s analysis shows that engineering fires now account  for 1.9% of all large-loss fires,…

Details

Product Recall insurance

Product Recall insurance Product Recall insurance reimburses costs incurred to recall and replace a product in the marketplace with a safe one. It also provides expert assistance and advice during this process. Product recalls are occurring more frequently and often receive media attention. A poorly handled product recall can have a catastrophic impact upon brand…

Details

USE OF EXTERNAL TRANSPORTERS/FREIGHT CARRIERS

USE OF EXTERNAL TRANSPORTERS/FREIGHT CARRIERS In view of increase in transit claims by use of external Transport Contractors, it has become evident that your transit goods cover has deficiencies, due to many Transporters do not arrange their own ‘’CARRIER’S LIABILITY/ BAILEES LIABILITY’’ COVER. This has become evident as they are unable to provide any or…

Details

Directors & Officers Liability Insurance

  PRIVATE CIRCULATION        SUBJECT : Directors & Officers Liability Insurance Directors & Officers Tough at the top – protecting your key people Introduction In today’s increasingly litigious society, being a company director could be regarded as a high risk occupation, given the set of duties and responsibilities that come with the role.…

Details

CYBER CRIME/ DATA BREACH

PRIVATE CIRCULATION                                                                                   02/09/2014 SUBJECT : CYBER CRIME/ DATA BREACH DATA BREACH.WHY SHOULD WE CARE? SUMMARY Data  breach is a phenomenon that every company  that holds customer or sensitive personal information will experience-simply put ,it is not a question of ‘it’ but ‘when’. Data breach takes many forms and many cannot be planned for There is…

Details