Insurance cover

Businesses tend to provide their own insurance cover when individual claims are likely to be a small fraction of the available capital. The cost of commercial insurance is about 30 percent higher than would be necessaty to cover the same risk in one s own company However, for low-probabdity, high-cost risks, most businesses prefer to insure with a commercial insurance company. Such risks include loss of plant or buildings due to fire and losses of revenue due to delays in startup or strikes. 

The types of plant falling under this heading are many and varied, and insurance covers that are offered are equally varied, falling into the categories of ... 

In instances where cover is written on this basis, it is normal that higher than usual excess is applied, reflecting the type of plant involved. While it is normal on the more traditional basis for the insurance cover to be complementary by inspection of the insured items in the case of covers written in this manner, it is usual for the inspection of all statutory plant to be incorporated together with those items where the insurer considers inspection to be necessary as part of the risk management of the cover being provided. 

When the cause of the incident has been established and the costs of rectification finalized, these will be compared with the insurance cover provided by the policy and the extent of the insurer s liability, if any, determined. The policy will normally be one of indemnity, i.e. returning the insured to the same position after an accident as he was before. This may be achieved by repairing or replacing what is damaged or by paying the amount of the damage. It may be necessary to carry out modifications to prevent a recurrence of the accident or desirable to up-rate the specification for better performance or the life of the machine may have been extended by the repairs carried out. In this case a degree of betterment is involved which will be reflected in the settlement by a contribution by the insured to the cost of repairs. 

While a number of different classes of insurance cover relate to crime risks, the principal one which is sought by most businesses is known as theft or burglary insurance. The terms theft and burglary are defined in the Theft Act 1968, but while insurers use theft , the cover provided by this insurance is much narrower than the legal definition of that term in that it applies only in specified circumstances. 

There is a legal requirement upon most employers to have in force employer s liability insurance covering injury to their employees. Public liability insurance, while not compulsory, is strongly recommended, both in terms of third-party liability (arising from the effects of corporate activities) and product liability (arising from the effects of corporate products. 

Other factors, such as the patient s age, financial problems that may be associated with a long-term illness, family cooperation and interest in the patient, and the adequacy of health insurance cover-age (which may be of great concern to the patient)... 

Dirkey Mostly private providers who apply payment per act (FFS) schemes in their bills Social health insurance covers the totality of costs, although specific rates are applied to uninsured groups All social health insurance schemes apply percentage rates of user participation for medicines (in out-patient visits)... 

Will Health Insurance Cover the Costs of Genetic Testing ... 

The Sponsor will take out appropriate insurance cover or will provide evidence to the satisfaction of the NHS Trust of self-insurance in respect of its potential liability under clauses 5.1 and... 

The alternative is to send the books away for box making, which is inconvenient and costly if special insurance cover has to be given. It is not advisable to send measurements instead, unless they are taken by an experienced person, because the irregular shape of many early books makes it unlikely that a good fit will be achieved, and a very slight error... 

Insurance cover, liability and regulatory fines act as incentives for companies to comply with legislation or even adopt beyond-compliance practices [230, 231]. A new approach in improving compliance with environmental legislation comes in the form of performance bonds , which is a variation of environmental liability [232], The amount of a bond is based on the potential future environmental damages that could be attributed against a chemical producer. If damages occur, the bond funds environmental remediation otherwise it is returned with interest or traded. 

In the U.S., employer-sponsored health insurance covers 175 million people, and is therefore the most common form of health insurance. This is the source of health insurance for two thirds of the population under 65 years of age. Employer-sponsored insurance includes coverage of workers and their dependents, early retirees, and retired Medicare beneficiaries. 

Insurance - insurance cover will be available for many of Ae areas of perceived risk and it is in rtant Aat Ae scope of Ae cover is planned wiA reference to the specific detail of Ac project. This will, in any case, be a requirement of Ae lender. Specialist insurance brokers can assist in creating an effective insurance programme covering relevant mterests wiA an indication of the sort of scope of cover Aat lenders will wish to see. 

In 1997, health expenditures in Germany totaled 298 billion, equal to 14.2% of the GDP. The health care system in Germany is decentralized, and health care expenditures are covered by a variety of sources/payers. The statutory insurance system (GKV) represents the biggest proportion of the total care coverage (for almost 50%). Employers, government budget, private households, private insurance, retirement insurance, and accident insurance cover the... 

Table 1-6-Limitations of Prescription Drug Benefits Among Nonelderly People With Private Health Insurance Covering Prescription Drugs...

Building insurance- Insurance covering the structure of the building. 

To establish a case against the school (the teacher) it is necessary to show that a defendant (LEA/County Council) owed the plaintiff (injured party) a duty of care, that the duty had been breached, and that damage had resulted due to that breach. Personal injury does occur in circumstances where no one is legally at fault. In such cases compensation can only be obtained through specific insurance cover. Increasingly schools are encouraging parents to take out personal insurance to cover such eventualities. Teachers would also be wise to take out personal liability via union membership etc. 

While accident prevention is the first priority, making sure that there is proper insurance cover comes very close behind. This can be liability insurance and/or personal accident insurance. 

Emergency details - Including an agreement that the child can receive medical treatment etc. Medical information Insurance cover... 

It is normally required that the contractor takes insurance cover against damage to the works, in the joint names of the contractor and client. This obligation should not be understood as being upon the contractor only it is a joint insurance. It is possible that there will be discrepancies between the exceptional risks under the contract and those covered under the insurance. These differences must be negotiated and agreed upon. 

Frank, Jerry David Osier. 2008. Piracy could add 400 m to owners insurance cover costs. In Lloyds List. 

This item covers the local rates or local authority tax levied in the area in which the plant is situated, together with the premium required to provide insurance cover for the facility. Actual charges will vary with the plant site and nature of the process being carried out (e.g. a plant with a high fire risk will carry a high insurance premium). Typical values for the rates and insurance item of cost lie in the range 0 5-2 0% of plant capital. 

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