19 December 2006Safety Distance provides time for fire prevention
Lessons from Losses 9/2006.
Adequate safety distance is one of the main concepts of fire prevention. Its purpose is to prevent a fire from spreading from the place of ignition and to provide time for the implementation of fire extinguishing measures.
27 November 2006More information to company customers following the new insurance company contract act in Sweden
Liability Newsletter 5/2006.
From 1 January 2006 a new Insurance Contract Act applies in Sweden. The new Act covers most types of non-governmental insurances in Sweden and is applicable to individual customer insurances, company insurances and various collective insurances.
24 October 2006Fire Safety of Loading and Lifting Machinery – An Important Part of a Company’s Fire Safety
Lessons from Losses 8/2006.
A fire in loading and lifting machinery can pose a significant risk to the entire operations of a company. In Finland approximately 300 loading and lifting machines burn every year, i.e. almost one per day. The average loss amounts to about EUR 11,600 (excl. the deductible and interruption period).
17 October 2006Errors and Product Liability in Contractual Chains
Liability Newsletter 4/2006.
Who is responsible and who compensates whom if, for example, a manufacturing defect takes place in the production chain?
5 October 2006Prevent Water Damage
Lessons from Losses 7/2006.
Claims paid by insurers due to occurrences of water damage in blocks of flats and other residential houses exceed fire damage claims by 60 per cent. Claims statistics by the Federation of Finnish Insurance Companies indicate that when all insured locations are taken into account, water damage costs have increased over the years and almost reached the same level as those arising from fire damage cases. In fact, total costs from water damage cases are almost double since approximately half of the costs fall upon the housing company and the residents as a result of deductibles and age deductions.