Join Alan Chandler to explore the rise of Errors & Omissions claims against brokers and reasons behind soaring broker Professional Indemnity premiums. Learn to mitigate risks and navigate recent statutes affecting E&O.

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Explore the importance of employment loss insurance for entrepreneurs, the limited coverage provided by existing systems, and the benefits of GSC's specialized protection for business leaders facing involuntary job loss. Discover key insights from the Employment Observatory for Entrepreneurs and det

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Marine Hull Insurance encompasses the protection of various vessels, such as ocean-going ships, fishing vessels, and more, covering damages, liabilities, and construction risks. The policy, issued for 12 months, includes Charterers Liability, Ship Repairers Liability, and indemnity for vessels under

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This presentation led by Sidney W. Degan, III, focuses on reducing risk exposure through contract provisions such as indemnity and additional insured clauses. It emphasizes the importance of considering anti-indemnity statutes, the role of certificates of insurance, and the implications of dealing w

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Insurance is a contractual agreement where the insurer agrees to compensate the insured for losses. Key principles include utmost good faith, insurable interest, indemnity, proximate cause, subrogation, contribution, and mitigation. Life insurance provides financial security to beneficiaries in case

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Learn about the roles of indemnifier and indemnity holder in contracts, including their rights and duties. Explore examples and case laws to understand indemnity better, covering the concept of indemnification in various scenarios.

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Business Interruption (BI) insurance covers loss of gross profit due to reduction in turnover or increase in cost of working expenditure. The policy operates on the principle of indemnity, aiming to restore the client financially to a pre-loss position. Different variants exist for sum insured and b

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Understanding the principles of insurance is crucial for both insurance seekers and companies. The principles include Utmost Good Faith, Insurable Interest, Indemnity, Contribution, and Subrogation. These principles ensure transparency, fairness, and protection for policyholders. Visual representati

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The presentation discusses indemnification for 3rd party claims in construction contracts, highlighting a court case where the indemnity clause could not be used for 1st party claims. It emphasizes the importance of clarity in indemnification clauses to differentiate between liabilities faced from t

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Dive into the world of insurance with a fun Business Bingo game featuring key terms like Policy, Insurer, Premium, and more. Explore definitions such as insurable interest, indemnity, and the role of an actuary in calculating premiums. Learn about different aspects of insurance contracts and the imp

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Professional Indemnity Insurance with Cyber Cover for law firms is crucial due to the increasing risks of cyber-attacks. Regulatory intervention requires clarity on cyber insurance coverage. Our proposals aim to maintain consumer protection, provide insurers with clear guidelines, and offer clarity

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Explore the potential of index-based insurance as a financial innovation for development and conservation. This type of insurance protects rural livelihoods, prevents poverty, and encourages investment and asset accumulation among the underprivileged. By leveraging objective indices for indemnity pa

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Subrogation in marine insurance involves the substitution of one person for another in terms of rights and duties. This process is crucial in ensuring indemnity principles are upheld. The doctrine of subrogation plays a significant role in various insurance contracts, excluding those related to life

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Indemnity is a risk management tool where one party agrees to be responsible for the damages of another party. It is not a liability-shifting mechanism or insurance. Contractual indemnity provisions insulate parties from damages arising from contractual relationships. Different types of indemnity ag

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Explore the neo-noir style in Blade Runner compared to classic film noirs of the 1940s and 1950s. Understand the dark, bleak, and shadowy set designs, psychological explorations, and societal themes that characterize these films. Compare Blade Runner with iconic films like Double Indemnity and Sin C

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Alan Chandler, a Chartered Insurer with extensive training experience, shares valuable insights on Business Interruption Insurance (BI). Learn about gross profit vs. insured profit, indemnity periods, sum insured projections, and BI cover for service firms. Explore various BI extensions, such as cus

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Exploring the impact of impact funding versus AIG on the construction of insurance contracts, specifically focusing on the insuring clause, exclusion clauses, and the Court of Appeal decision regarding solicitors' professional indemnity insurance. The exclusion clause aims to distinguish personal ob

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This presentation provides an overview of the Connecticut Workers' Compensation Act, explaining who is entitled to benefits and the types of benefits available. It delves into the history of workers' compensation laws in Connecticut, highlighting the Triangle Shirtwaist Fire as a turning point in th

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This informative content discusses challenges related to attorney fees in the context of the Workers' Compensation Act, including constitutional challenges and changes in indemnity benefits duration. Strategies to navigate these challenges and defend against fee schedule deviations are outlined, alo

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The legal principles of insurance include indemnity, insurable interest, subrogation, and utmost good faith. These principles ensure fair compensation, financial risk protection, and honesty in insurance contracts. Understanding these principles is crucial for both insurers and policyholders to navi

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A contract of indemnity involves a direct promise to save one party from harm caused by another, focusing on losses specifically attributable to the promisor or another person. Meanwhile, a contract of guarantee entails a promise to fulfill the obligations of a third party in case of default. Essent

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The Indian Contract Act contains special contracts including Contract of Indemnity, Guarantee, Bailment, Pledge, and Agency. This overview covers the definitions, parties involved, and rights of the parties in Contract of Indemnity and Guarantee.

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