The property insurance covers the interest of the property itself. The business interruption insurance will protect the net result of the insured by compensating the financial loss after a loss. A bit simplified you can say that the property insurance protects the balance sheet and the business interruption insurance protects the profit and loss statement.
The property insurance covers the interest of the property itself. The business interruption insurance will protect the net result of the insured by compensating the financial loss after a loss. A bit simplified you can say that the property insurance protects the balance sheet and the business interruption insurance protects the profit and loss statement.
Fire losses resulting from errors made and risks taken during hot work are all too commonplace.
Building regulations today are normally performance based in most countries. One important factor in fire prevention is passive fire protection.
The popularity of electric vehicles (EVs) and the use of lithium-ion batteries is booming. However, the risk of fires in EVs has received attention due to widespread concerns.
Protecting your goods in transit, or in intermediate storage in conjunction with an insured transit, from loss or damage is vital. If's cargo risk specialists assist clients to manage cargo-related risks and issues, as valuable and oversized equipment is prepared for transport, shipped and then stored in locations around the world.
External fire doors and industrial fire sliding doors
Lessons for modular constructions and prefabricated buildings
Dependencies on suppliers and partners, or any other parties outside the company can be impacted by perils such as fire, machinery breakdown or natural hazards, which can have an impact leading to serious business interruption, losses and increased costs.
Continuous monitoring and maintenance of infrastructure is critical to minimise risks and prevent losses.
The most simple and reliable way to prevent a hydraulic oil fire is to replace mineral oil with non-combustible fluid. Naturally, using electric or pneumatic drives instead of hydraulic drives will also prevent hydraulic oil fires. Although there are some fire risks related to these technologies, they are not as fierce and difficult to control as oil fires.