THE REASONABLE PRECAUTIONS CONDITION

THE REASONABLE PRECAUTIONS CONDITION (by Tarran Dookie)  Most general insurance policies contain a ‘reasonable precautions’ condition. This condition imposes a requirement that the insured takes all reasonable steps to prevent loss, damage or liability occurring and to mitigate the loss if…

THE DIFFERENCE BETWEEN WORKMENS COMPENS…INSURANCE

THE DIFFERENCE BETWEEN WORKMEN’S COMPENSATION INSURANCE AND EMPLOYER’S LIABILITY INSURANCE (by Tarran Dookie)  Sometimes there is confusion between workmen’s compensation insurance and employer’s liability insurance. In many  jurisdictions workmen’s compensation insurance is compulsory (e.g. most of the USA, Canada, Australia, Germany, Trinidad & Tobago) whereas …

Q A on Business Interruption

What is BI Insurance? Business interruption insurance covers businesses for losses in income or profit stemming from unavoidable disruptions to their regular operations because of damage to their own property or that of major suppliers or customers.  Why Do I Need…