Insurance is an important feature of commercial and domestic life. A promise made by insurer that ‘we will insure you against loss, damage or liability’ means that if, as a defined event, the insured suffers any of those consequences, the insurer has an obligation compensate the insured in accordance with the terms of the contract. For the promise to be made good, the insured must first suffer a loss or damage from an insured peril and then lodge a claim. If the claim is accepted it will be settled and in the process the insured will sign a release that will bring the matter to an end.
Issue
In present case, Adam entered into an insurance contract with TWI Insurance to cover its building as well as the equipment of the premises. Usually when entering into a contractual agreement, both parties should agree on the terms and conditions. When signing the contract Adam disclosed the information about the business is that they do assembling of machinery and their relevant production without answering the critical information he enters into the contract. After couple of months Adam changed his business nature to Packaging Construction Explosives without informing the Insurance Co. Soon after that, one day both the building and its contents are destroyed by fire. Insurance investigators discover that the fire resulted from
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This common law position has been extensively modified by the Insurance Contracts Act 1984(Cth). In insurable interest has removed the requirement that an insured hold an insurable interest before being entitled to benefit. An insured will have an insurable interest if they suffer a pecuniary or economic loss as a result of the property which is the subject-matter of the contract being damaged or destroyed, and there is a current policy covering the
The claimant is a female (DOB 12/21/1977) who works as a Technical Customer Service Support Tier II Advisor who is claiming disability from 10/15/2017 onwards. The physical requirements of her job include multitasking; listening and talking to the customer, while typing to research issues, and to review and update the customer account information; and continuously using keyboard and mouse.
Life insurance is legally enforceable contract issued by insurer based on the payment of premiums. The well understanding the legal aspects of the life insurance contract will give a further benefits to insured as well as beneficiaries to impose their rights to the insurance contract. Insurance contract include insurer, insured, policyowner, and beneficiary. Insurer must be licensed in each states. Although insurer is the first party of the insurance contract, their power enforcing to insured is limited by the state law. Insured and policyowner is not always but can be a same person. For example, when parents want to insure their children, policyowner and beneficiaries will be either parents. At the event of insured’s death, the policy of the
For companies like SEL where the risk is associated with the life of employees, it is necessary for the employers to pay insurance premium, as personal coverage of employees is not sufficient in case of any mishappening. If we ignore these payments, it would be unethical, as it is not certain that no accident will happen in future. As SEL’s new contract requires complex effects that may involve higher risk of accidents. If SEL failed to pay future payments and if any accident occurs, SEL would end up with paying higher premium and delay in projects completion. One more concern is that if new clients find out that SEL has no insurance coverage in place, it could have negative impact on SEL’s
The following case established in conjunction that clearly assess whether or not the plaintiff is owed a duty is shown in the case of Caparo Industries Plc. v Dickman [1990] 2 AC 605 developing the fundamental outline that is presented from the neighbours principle, a three stage test was created to further assess the eligibility of a claim. In some respects it was foreseeable that if the building collapsed the chances of the building causing damage to property or causing injury to be high, however it wasn’t taken into consideration the structural integrity of the building, causing it to collapse.
We may become subject to product liability claims, which could harm our financial condition and liquidity if we are not able to successfully defend or insure against such
Health Care workers are constantly faced with legal and ethical issues every day during the course of their work. It is important that the health care workers have a clear understanding of these legal and ethical issues that they will face (1). In the case study analysed key legal and ethical issues arise during the initial decision-making of the incident, when the second ambulance crew arrived, throughout the treatment and during the transfer of patient to the hospital. The ethical issues in this case can be described as what the paramedic believes is the right thing to do for the patient and the legal issues control what the law describes that the paramedic should do in this situation (2, 3). It is therefore important that paramedics also
Rousmaniere, Peter. “Facing a tough situation.” Risk & Insurance 17.7 (June 2006): 24-25. Expanded Academic ASAP. Web. 23 March 2011.
In the United States it is manditatory that all employers have workers compensation insurance to cover both medical and loss wages of injured employees due to work related injuries.
In almost every state, having workers' compensation is mandatory for all for-profit businesses with very few exceptions. There are penalties for those who do not have the mandatory coverage for their employees. If you don't have employees, you're likely wondering if you're required to have coverage, or if it's a good idea to cover yourself as the owner of the company. If you're a sole proprietor and an independent contractor for another company, it can become even more confusing.
Thank you for providing me with the conditional offer for the Deputy Assessor position with the City of Southfield. I have reviewed the offer and have a couple of questions as follows:
The concept of Health Insurance and managed health care the inventions of the twentieth century that were started as prepaid health care. The early insurance concept was merely a way for people to pay medical bills not a way of protecting individual financial assets as the case is today. Overall the health care industry has endured significant changes since its inception.
Of Lords held that Salomon & Co Ltd. was not a "sham". As the debts of
We have chosen a company called Medlife Insurance LTD. This company deals with financial services, within that with life insurance. Marketing Financial Services Presentation Introduction: We have chosen a company called Medlife Insurance LTD. This company deals with financial services, within that with life insurance. It is part of a “network” of companies that sell life insurance and to be able to give a whole picture of the company’s activities we will introduce some of it’s partner companies as well.
Law Of Tort This is a fairly unique case in the respect that there was one victim named Imogen who was first hit by a car and secondly run over by a van and was left with a concussion and a lame leg due to somewhat negligent riving skills of two drivers. Secondly there was a pedestrian and a witness to all of this, Gabriel who suffered psychiatric illness after he has rescued the injured child. Since the accident took place in England law of tort would be applicable, which is prevalent in England, Wales and Scotland and the parties who would be able to file the claim are Imogen and Gabriel. The guilty parties are Horace, the driver of the car and Joseph who was driving the van. To begin with if we look at the case more closely, Imogen was walking on the zebra crossing and that was her right and any passerby in a car should have halted which Horace did not. It was Gabriel who took a lot of risk and rescued the kid but to what avail. Once he had dragged her out the van ran over the kid damaging her leg almost permanently. The driver Joseph was speeding notably fast just because he was late on duty to his own negligence and that makes him guilty on two counts. First he dishonored his employer and secondly ran over a kid who was lying on the road because of his speeding. Not only by the rules of driving but also in the light of humanitarian laws that is simply unacceptable and it does get any more reckless than this. The law would definitely come into play and it depends on how these two present their cases. This is the case of proposition underpinning the deduction options. It has to be argued whether the parties agree or disagree with that proposition. It is particularly interesting to hear views on discussion of the policy argum...
When speaking with an at-fault party’s insurance agent after an accident, it is easy to get the impression that the representatives are there to help you. However, in reality, that agent is looking for every opportunity to decline or minimize your claim in order to save their company money, as every seasoned Corona plaintiff lawyer can attest.