Subrogation refers to one person stepping into another person’s shoes. In the context of insurance, it’s when an insurer tries to recoup the expenses it paid out for a claim when a third party was responsible for causing at least some of the damage. There...
Report an injury If someone is injured at work, or they become sick because of their work, it should be reported to the employer within 24 hours and the worker should seek immediate medical attention. A worker should report their injury or illness to the employer...
Marine Insurance Claim from a Third Party It is important that NO admission of liability is made by you to any third party. The third party demand can be either verbal or written demands (under most policies) substantiating any damages claimed. When making a claim,...
Claims Made Contract Policies The following policies are generally issued on a 'claims made contract': Professional Indemnity Insurance Directors & Officers Liability /Management Liability Insurance Employment Practices Liability Insurance Fidelity...
What to Do It is important that NO admission of liability is made by you to any third party. The third party must forward a written demand to you substantiating any damages claimed. When making a claim, the documents outlined below should be sent to your insurer or...
Property Insurance provides cover for physical loss or damage. Types of claims include Burglary, Small Fires, Business Interruption, Accidental Damage, Malicious Damage, Money Loss and Glass Breakage. What to Do In the event of a claim: Immediately contact your...