Introduction to Marine Insurance
Marine insurance is concerned with, The insurance of goods in transit from one place to another by se, inland waterway, by rail and by road. The insurance of ships, covering loss or damage to the hull and machinery of a vessel and insurance of ship owners’ various interests and liabilities. The insurance of freight at […]
Legal Expense Liability Insurance
This cover is of fairly recent origin and is still evolving as society become more and more litigatious. It is in respect of fees and advice incurred to pursue a civil action to recover damages to personal injury or death of the insured person subject to a limit. The cover includes resource to a legal […]
Trustees’ Liability Insurance
Trustees can incur liabilities exactly in the same way as directors and officers. They are expected to exercise a reasonable degree of care in the discharge of their duties as trustees and can be taken into court if this duty is not discharged. Since the coming into force of the Retirement Benefit Act, in 2000, […]
Directors’ and Officer’s Liability Insurance
Directors and officers are agents of the company and therefore when they act, they act on behalf of the company. They are trustees of the company assets which they control and stand in a fiduciary position in relation to the company. In many of the developed countries, directors and officers, directors and officers are coming […]
Work Injury Benefit Act (WIBA)
The Work Injury Benefit Act (WIBA) 2007 provides for compensation to employees for work related injuries and diseases contracted in the course of their employment and for connected purposes. It repealed the Workmen Compensation Act, Cap 236 of the laws of Kenya. Some of the arguments presented by labour union and human rights groups include […]
Employers Liability Insurance
Employers are liable under common law to pay compensation to their employees for injuries and diseases arising in the course of employment. such compensations may arise from: Personal negligence of the employer The employer’s failure to provide the employee with a safe and suitable working environment. Contravening the statutory such as Occupational, Health and Safety […]
Professional Indemnity Insurance
This insurance policy provides protection to professional people against their legal liability to compensate third parties who may sustain injury or damage to their property through the negligence of the professional person or that of their employees or due to breach of contractual duty. Professional persons include: Stock brokers Architects and surveyors Accountants Lawyers Pharmacists […]
Products LIability Insurance
A products liability insurance covers legal liability for bodily injury or property damage happening during the period of insurance which arises out of goods or products manufactured, constructed, altered, repaired serviced, treated, sold, supplied or distributed by the insured One can incur such liability at common law in negligence or in contract under the Sale […]
Public Liability Insurance
Public liability policy was brought by the general duty of care to others that exist under any of the circumstances discussed on the cause of liability. The policy protects the policyholder: In respect of legal liability to third parties for accidental bodily injury to any other person death and disease or illness. For any loss […]
Classes of liability insurance
Public Liability Product Liability Product Guarantee Work Injury Benefit Act Professional Indemnity Directors’ and Officers’ liability Libel and Slander insurance Legal Expenses insurance