Fire losses resulting from errors made and risks taken during hot work are all too commonplace. Failure to implement the simplest safety measures can result in expensive claims, impacting business operations from project delays to, in the worst case, loss of life.
Protecting your goods in transit, or in intermediate storage in conjunction with an insured transit, from loss or damage is vital. For many manufacturing and wholesale businesses, the supply chain is an instrumental part of daily operations.
According to Barclays Research analysis, during late 2018 to 2019, the rates for 2019 on general liability increased 2% in Q1 to 5% in Q3 in average. On individual basis rate increases were up to 25%. Further increases are expected for 2020, driven by “industry-wide unsustainable loss ratios”
The US casualty claims have always been a source of concern for insurers. This has been exasperated over the past years as claims have continued to rise in the US at an even higher rate than other regions.
In 2019, If P&C Insurance introduced a new claims process for Industrial clients and brokers in the online If Login portal. The aim of the new service has been to increase transparency and further simplify the claims handling process for our clients.
The cold months are quickly approaching, and with them come snow, wind, rain and ice. Even though accidents happen all year round, there are several incidents that specifically occur during the wintertime.
Attempting to distance businesses from litigation in the US during and following a pandemic
The economic impact of COVID-19 remains unpredictable as unemployment rates reach unprecedented levels while a significant part of the world remains shuttered with a staggered timeline for reopening. To date, numerous lawsuits related to COVID-19 have been filed in the United States.
By conducting a risk assessment, you can detect existing problems, locate potential issues and review existing controls. Danish Crown Group, a food processing company and the leading meat processing producer in Europe, places IT Security high on the corporate agenda.
Although many CAR/EAR projects are delivered smoothly, construction projects can face delays and unforeseen challenges that impact construction or erection works. Standstills and the temporary suspension of work on any project can lead to serious losses.
Climate change continues to pose serious risks on business operations. Extreme weather, climate action failure, natural disasters, biodiversity loss and human-made environmental disasters were ranked as the top risks in terms of impact and likelihood. Insurance companies play an important role in supporting the transition to greener and cleaner ways of operating.
The likelihood of fire hazards in modular constructions has received new attention after the Moorfield Hotel fire in the summer of 2020. In this article, we will take a deep dive into the risk of fire hazards in especially modular and prefabricated buildings.
The main purpose for most businesses is to create a positive net result. This will enable the business not only to survive in the long run but also to grow and develop. Protect the profit and loss statement of your company.
Read about protecting your project from start-up delays, enabling renewable energy projects and how to avoid losses in CAR/EAR project. And much more in the special construction issue of Risk Consulting.
In this issue of Risk Consulting Magazine, we take a look at topics that relate to the impacts of COVID-19, including supply chain disruption, locking down of facilities and how to efficiently and safely work remotely.