14 December 2007Well planned smoke ventilation reduces loss and damageLessons from Losses 12 /2007.
The spread of smoke and soot causes considerable property damage and business interruption losses every year. In some cases there are also personal injuries. Smoke and heat exhaust ventilation systems (SHEVS) that have been planned, installed and maintained with professional expertise help rescue operations and fire extinguishing and protect people leaving the building.
30 October 2007Indemnity Period of Business Interruption InsuranceLessons from Losses 11/2007.
Unfortunately it sometimes happens after a loss that policy-holders find that for one reason or another they have to cover part of the costs themselves. This may be because of underinsurance, lack of proper cover for certain types of loss, breaches of security regulations, etc. As regards business interruption, it is unfortunately not at all unusual that the policy-holder has selected too short an indemnity period.
2 October 2007Inspections to Make Electrical Appliances and Installations SafeLessons from losses 10/2007.
Electricity causes numerous fires every year. Fires cost a lot of money: electrical fires account for as much as 40% of all industrial fire loss costs. Important elements in the maintenance of electrical appliances and installations include regular inspections.
21 September 2007Transport Involves an Interruption RiskMarine Newsletter 2/2007.
Transport-related risks do not only affect goods in transit. During the transportation of an individual machine or item of equipment, delayed arrival at a destination may cause the interruption of production whereas, in project-related transport, such an incident may delay the entire production start-up.
3 September 2007Lost and found goodsLessons from Losses 9/2007.
In a busy transport terminal, valuable goods sometimes disappear without warning, because they are poorly labelled or due to a criminal act. On such occasions, it may be time to give a detective a call.
