Contractors All Risk Insurance

October 14, 2020 John B.

As a general contractor, you’re responsible for a great deal when it comes to a construction project. From the people working on the site to the ultimate structural soundness of the building, there’s a lot of potential liability. For that reason, it’s important to have insurance coverage that matches those liabilities. In some cases, that will mean having higher coverage than another business in the same earnings bracket. But you have access to insurance policy options designed specifically for contractors in the form of all risk insurance. In this article,…

How Melbourne Insurance Brokers Are Doing Business In A Pandemic.

October 14, 2020 Guest Author

COVID-19 has slowed down many things, and the insurance sector has certainly not been left behind. Do not think for a moment that your insurance broker will leave you alone during these turbulent times. As long as you choose the best one, you are on the right track because they will walk with you to the very end. However, it is good to point out that this is the new normal and things will barely go back to how they were; therefore, make adjustments where you can. The pandemic has…

Pandemic forces Lloyd’s of London insurance contracts into review

October 14, 2020October 13, 2020 G. Turner

Insurance contracts - Lloyd's of London building reflected in glass

The massive marketplace is re-examining the way coverage products are designed due to COVID-19. Lloyd’s of London has launched a new review of its insurance contracts, taking a new look at the way products are created and sold. The purpose is to develop simpler products in response to the COVID-19 pandemic. Insurers have suffered considerable reputational damage due to the complexity of their products. This complexity in insurance contracts has made it difficult for businesses to understand. The result has been a wave of court cases meant to decide whether…