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The importance of Risk Management

Risk Management can be defined as being the set of measures an entity undertakes in order to deal with possible future contingencies, an entity being understood to be an individual ...
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The study of the cause of Machinery Breakdowns

We are all well aware that ascertaining the cause of a loss event is essential in order to clarify the cover for the claim, determine liability for the same and ...
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The importance of maintaining industrial plant and machinery and having maintenance contracts

Company directors are becoming increasingly aware of just how important it is to carry out adequate, predictive, preventive and corrective maintenance of their plant and machinery. Firstly, it is the ...
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What does a Risk Manager have to do when faced with a major loss event?

The fundamental objective of a Risk Manager is to protect the safety of the workers, the assets and the Profit and Loss Account of their company and therefore, one of ...
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When does the Insured need the help of an expert?

We have explained on more than one occasion how, in the Insurance world, the occurrence of a loss event is the moment of truth. Policies are contracted in order to ...
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What happens when a loss event occurs in the middle of another claim?

The above does not occur often, but it does sometimes.  Indeed, we have been involved in claims in which whilst the damaged machine was being transported to a workshop to ...
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Vagueness must be avoided when drafting Policies

For the experts, the Insurance Policy is crucial in order to be able to adjust a loss event.  Therefore, when the Policy is “made to measure”, that is to say, ...
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What are the differences between the claim and the settlement proposal in a Material Damage loss event?

There are usually differences between the claim presented by the Insured and their expert and the loss adjustment proposed by the experts acting for the Insurers. Based upon our own ...
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How should an Expert Report be structured?

It is very important and desirable that the information provided by the expert to the Insurance Company and/or the Insured, depending upon who they were contracted by, is well organised ...
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The importance in fire claims of involving companies for the recovery and decontamination of machinery and plant

In fire claims, some assets are destroyed and, inevitably, must be replaced.  Others, on the other hand, only sustain partial damage and can be recovered.  Indeed, what tends to happen ...
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