Regional regulations are important when it comes to transporting goods from one location to another. Depending on the region, these regulations may include safety and security measures that aim to keep both people and property safe during transit. They can also include restrictions or prohibitions on certain types of goods being transported through an area […]
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What is Offshore/Energy insurance?
Energy insurance is a type of insurance that helps protect against potential financial losses and liabilities associated with working in the energy industry. This can include coverage for property damage, personal injury, environmental contamination, and other things. Introduction The 2005 hurricane season was particularly devastating for the offshore energy sector in the Gulf of Mexico. […]
Transit insurance for household goods
When packing up your home ready to move, there are plenty of things on the to-do list. One item that is all too often forgotten is insurance for household goods in transit. This type of personal property policy is designed to protect a person’s belongings while in transit. Here we provide an overview of what […]
Is it Mandatory to Take Property Insurance For Home loan?
Yes, property insurance is often a requirement when buying a home loans or mortgage. When you borrow money from a financial institution, such as a bank or mortgage lender, to purchase a property, they want to ensure that their investment is protected. Lenders or banks require borrowers to have home insurance policy or house insurance […]
Difference Between Insurance Policy and Consequential Loss Policy
Let us consider the example. The fire accident has the potential to not only protect the goods and machinery but also impact the projects that are ongoing and are in the pipeline of the industry. The general fire insurance policy like Standard Fire and Special Perils policy covers fire and allied perils but not the […]
Commercial Insurance for Cell Tower Owners & Operators
Commercial insurance for cell tower owners and operators is a type of insurance that provides coverage for the risks and liabilities associated with owning and operating a cell tower site. Cell tower sites are used to provide wireless communications services to the public. And they often involve a significant investment in infrastructure and equipment. This […]
What is the Pair and Set Clause in marine insurance?
The Pair and Set Clause in Marine Insurance The Pair and Set clauses are a type of marine insurance or goods insurance. It covers losses caused by the partial or total destruction of two vessels owned by the same company. If one vessel is destroyed, both ships receive an indemnity, and they distribute damages between […]
Emerging Trends in Logistic Insurance for Household Goods What’s New?
Relocating brings challenges along with new opportunities. Shifting and transporting household goods is one of the initial and major challenges one faces. Along with choosing the right logistics company, opting for the best logistics insurance to safeguard your valuable household items is also extremely important. Household goods may include appliances, furniture, tools, dishes electronic equipment, […]
Why Cargo Insurance is Crucial for the Air Freight Forwarding Business?
Air freight forwarding plays a vital role in facilitating international trade by ensuring the swift transportation of commodities across the globe. Despite its efficiency, transporting cargo by air involves inherent risks such as loss, damage, or delays due to adverse weather conditions, negligence, and security lapses. These risks pose potential monetary losses and reputational damage […]
Conveyance Insurance Post-Pandemic: Lessons Learned and Future Trends
Conveyance insurance, also referred to as conveyance marine insurance was highly impacted by the Covid-19 pandemic. This was mainly due to disruptions in global trade and changes in shipping patterns and risks. The pandemic led to widespread disruptions in global supply chains. restrictions on goods movement, port closures, and lockdowns caused rerouting, delays, and also […]