Indemnity principle - PowerPoint PPT Presentation


Audi Alteram Partem

Explore the fundamental concept of fairness and justice in human society through the principle of Audi Alteram Partem, which ensures that both sides are heard before passing a judgement. This principle is a basic requirement of the rule of law and is essential for upholding civilised society.

1 views • 35 slides


Risk of E&O Claims on Brokers: Premiums Soaring

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.

0 views • 19 slides



Understanding GSC Employment Loss Insurance for Entrepreneurs

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

2 views • 14 slides


Understanding Boat Floatation with Archimedes Principle

Explore the concept of why boats float using Archimedes' principle, which explains the relationship between density, volume, and buoyancy. Discover how objects sink or float based on their density relative to water, and experience a hands-on investigation to witness these principles in action.

4 views • 11 slides


Heisenberg's Uncertainty Principle in Elementary Quantum Mechanics

Heisenberg's Uncertainty Principle, proposed by German scientist Werner Heisenberg in 1927, states the impossibility of simultaneously and accurately determining the position and momentum of microscopic particles like electrons. This principle challenges classical concepts of definite position and m

0 views • 49 slides


Counting Principles and Pigeonhole Principle Explained

Explore the concepts of counting principles and the pigeonhole principle through practical examples and tips. Learn how to apply these principles to solve problems effectively. From understanding basic counting rules to the advanced pigeonhole principle, this content provides insights and guidance o

0 views • 35 slides


Understanding Fluid Mechanics: Archimedes, Pascal, and Bernoulli

Explore the principles of fluid mechanics including Archimedes' Principle, Pascal's Law, and Bernoulli's Principle. Learn about mass density, buoyant force, and the behavior of floating objects in liquids. Discover how the buoyant force is equal to the weight of displaced fluids, and how it affects

0 views • 22 slides


Understanding Marine Hull Insurance for Vessels

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

0 views • 15 slides


Minimizing Risk Exposure in Contracts

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

0 views • 22 slides


Understanding Buoyancy and Archimedes Principle

Explore the concepts of buoyancy, Archimedes principle, sink or float scenarios, and examples related to buoyant force calculations and floating objects. Learn how buoyant force determines whether objects sink or float in liquids, and understand the relationship between object density and fluid dens

0 views • 9 slides


Understanding Classical Mechanics: Variational Principle and Applications

Classical Mechanics explores the Variational Principle in the calculus of variations, offering a method to determine maximum values of quantities dependent on functions. This principle, rooted in the wave function, aids in finding parameter values such as expectation values independently of the coor

0 views • 16 slides


Understanding the Outer Space Treaty and the Lotus Principle

The Outer Space Treaty, comprising Articles I and II, establishes regulations on the exploration and use of outer space, emphasizing the benefit of all countries and free access to celestial bodies. The Lotus Principle, illustrated by the S.S. Lotus case, highlights that actions not explicitly banne

1 views • 4 slides


Understanding the Meaning and Principles of Insurance

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

0 views • 9 slides


Understanding Electric Potential and Work Energy Principle in Physics

Exploring electric potential and work energy principle in physics, this content discusses the conservative nature of electric force, potential energy of charges, electric potential energy calculations, and work done by external agents to move charges. Practical problems and theoretical concepts are

0 views • 59 slides


Understanding Hard and Soft Acids and Bases (HSAB Principles) by Dr. Gurpreet Kaur

Delve into the world of Hard and Soft Acids and Bases (HSAB) with Dr. Gurpreet Kaur as she explains the characteristics of hard and soft acids, Pearson's HSAB principle, applications such as predictions of coordination in complexes, poisonings of metal catalysts, and the classification of acids and

2 views • 17 slides


Understanding C-Reactive Protein (CRP) Test: Uses and Principle

C-Reactive Protein (CRP) is a liver-produced protein that indicates inflammatory conditions. The CRP test helps detect infections, monitor diseases like cancer, and evaluate inflammatory conditions. The test principle involves latex agglutination for CRP detection in human serum.

0 views • 21 slides


Key Terms in Ch. 21: Reaction, Revolution, and Romanticism, 1815-1850

The key terms discussed in Chapter 21 include principle of legitimacy, balance of power, ideology, conservatism, principle of intervention, ultraroyalists, ministerial responsibility, and liberalism. These terms highlight important political philosophies and concepts during the post-Napoleonic era a

0 views • 17 slides


Understanding Rights and Duties of Indemnifier

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.

0 views • 18 slides


Understanding Le Chatelier's Principle in Chemical Equilibrium

Le Chatelier's Principle states that when a system at equilibrium is disturbed by changes in concentration, temperature, or pressure, the equilibrium shifts to counteract the change. This principle can be applied to predict the direction of equilibrium when changes occur. Changes in concentration, p

0 views • 10 slides


Theories of Reinforcement in Behavioral Economics

Explore key theories of reinforcement including Thorndike's Law of Effect, Hull's Drive Reduction Theory, the Premack Principle, Response-Deprivation Hypothesis, and Behavioral Economics concepts such as Response Allocation. Learn about reinforcers as stimuli, primary and secondary reinforcers, the

2 views • 9 slides


Understanding Business Interruption Insurance Policies

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

0 views • 24 slides


Understanding Majority Rule and Minority Protection in Company Law

The principle of majority rule applies to company management, where resolutions are passed by simple or three-fourth majority. The rule of supremacy of majority, established in the case of Foss v. Harbottle in 1843, dictates that courts do not typically interfere to protect minority shareholders. Sh

1 views • 11 slides


Understanding Res Ipsa Loquitur in Proving Negligence

Res Ipsa Loquitur is a legal principle where the occurrence of an accident implies negligence on the part of the defendant. It shifts the burden of proof to the defendant, requiring them to explain the incident's cause. Originating from the Scott v London case in 1865, this principle has been applie

4 views • 19 slides


Understanding the Multiplication Counting Principle in Probability

The Multiplication Counting Principle and Permutations play a crucial role in determining the number of possible outcomes in various processes. This lesson covers how to use factorials to count permutations, compute arrangements of individuals, and apply the multiplication counting principle to dete

0 views • 14 slides


Understanding the Eternal Principle of Unselfish Love

Explore the simplicity of righteousness in Christ, the final battle between opposing principles, and the importance of selflessness in preparing for the Second Coming. Discover the profound truths embedded in Adventist history and the significance of unselfish love as the core principle guiding huma

0 views • 26 slides


Understanding Jordan's Principle and Its Impact on First Nations and Inuit Children in Canada

Jordan's Principle was named in memory of Jordan River Anderson, a young boy whose tragic story led to the establishment of a legal requirement ensuring access to services for First Nations and Inuit children in Canada without delays or disruptions. This principle aims to prevent situations where ch

0 views • 9 slides


Understanding Special Relativity and Its Implications

Explore the key principles of special relativity, including Galileo's principle of relativity and Einstein's principle of relativity. Dive into concepts like length contraction, momentum and energy conservation, and the invariance of mass-energy. Witness how observers inside and outside moving frame

0 views • 18 slides


Arch/PUA Design Professional Litigation Review Presentation

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

0 views • 37 slides


Understanding Electron Configuration and Quantum Numbers in Chemistry

Explore the concept of electron configurations, quantum numbers, and orbital filling rules in chemistry. Discover the principles governing the arrangement of electrons in atoms, including the Aufbau Principle, Pauli Exclusion Principle, and Hund's Rule. Gain insight into orbital energy levels and th

0 views • 18 slides


Understanding Quantum Numbers and Electron Configurations in Chemistry

Explore the quantum numbers for electrons in subshells, learn about electron configurations and filling rules, and grasp the concepts of orbital energy levels in chemistry. Discover the Aufbau Principle, Pauli Exclusion Principle, and Hund's Rule through engaging activities and worksheets.

1 views • 18 slides


Understanding Fluids, States of Matter, and Phase Changes

Exploring key concepts in physics including Bernoulli's Principle, viscosity, cohesion, states of matter (solid, liquid, gas, plasma), phase changes (evaporation, condensation, etc.), density, pressure, and more. Discover the properties and behaviors of fluids in relation to gases and liquids, along

1 views • 54 slides


Understanding Utilitarianism and the Principle of Utility

Utilitarianism, as explained by Michael Lacewing, emphasizes that actions are morally right or wrong based on their consequences in maximizing overall happiness. The principle of utility, advocated by Bentham and Mill, guides moral judgments by promoting the greatest happiness for the greatest numbe

0 views • 9 slides


Understanding the Acceleration of the Universe and the Equivalence Principle Violation in the Horndeski Vector-Tensor Theory

Exploring the implications of the Equivalence Principle Violation after reheating in the context of the accelerated expansion of the universe. The study delves into the Horndeski vector-tensor theory, gravitational waves, and the impact of modified gravity and dark energy. Insights are provided on t

2 views • 20 slides


Exploring the Molecular Basis of Inheritance: From Griffith's Transformation Principle to Avery's DNA Identification

Discover the fascinating journey of uncovering genetic materials, from Frederick Griffith's transformation principle with Streptococcus pneumoniae to Oswald Avery's identification of DNA as the transforming substance. Follow the biochemical characteristics studied by Avery, MacLeod, and McCarty, lea

1 views • 9 slides


Production Planning in e-Prelude.com Tour: Session 6 Overview

This session focuses on production planning in the context of e-Prelude.com Tour, emphasizing the purpose, demand, calculations, MRP principle, and gross requirements in the manufacturing process. It covers areas like satisfying customer orders, managing inventory levels, calculating quantities, and

0 views • 34 slides


Understanding Patent Claims and Equivalence Principle in European Patent Law

European patent law, specifically Art. 69 EPC and the equivalence principle, play a crucial role in determining the scope of protection conferred by a patent. The importance of patent claims, interpretation guidelines, and the concept of equivalence are highlighted, emphasizing the balance between p

0 views • 16 slides


Understanding Fluid Dynamics and Bernoulli's Principle in Real-world Applications

Explore the fascinating world of fluid dynamics with a focus on Bernoulli's principle through real-life examples like air flow in wind tunnels, airplane wings, and even tornado behavior. Discover how changes in fluid velocity affect pressure and how streamlines provide insights into fluid flow behav

1 views • 23 slides


The Multiplication Counting Principle in Probability: Exploring Permutations

Exploring the multiplication counting principle in probability, this lesson delves into determining the number of ways to complete a process involving multiple steps. Using factorials for permutations, the content showcases how to compute permutations of individuals taken at a time. Through examples

0 views • 20 slides


Applying the Black Box Principle to Pediatric Cardiac Surgery: A Study

This study explores the application of the Black Box Principle in pediatric cardiac surgery, adapting the concept from aviation to enhance safety and performance in the operating room. By recording all failure events in real-time and analyzing data over a period of time, the study aims to improve ou

0 views • 13 slides


Understanding Hardy-Weinberg Principle and Genetic Frequencies

Gene pool and allele frequencies play a crucial role in the Hardy-Weinberg Principle, a mathematical model predicting allele frequencies over generations. The principle outlines conditions like a large population, absence of mutations, random mating, and more. Equations such as p² + 2pq + q² = 1 h

0 views • 44 slides