1. Insurance 2. Insurance procedures 3. Fire and accident procedures 4. Accidert insurance 5. Claims 6. Marine insurance 7. Marine insurance policies 8. Claims 9. Points to remember
1- The compary or people who warms insurance cover they must fill in a proposal form this form eopress creedit longtime,worth,kind of insured 2- the insarance company determine the permivme the price pf insurance
INSURNCE PROCEDURES
• Compaines and people protect themselves against loss,damage ,or injury by reciveing insurance polises process ofinsuring a businessor person • The insurance compony determine the permine (the price of insurance) • If the insurance company is satisfied with the information give on the proposal from the company a covernote to the cliem
INSURNCE PROCEDURES
• When the policy is ready ,it is sent to the client they are in demnified against loss ,damage,or injury under the conditions of the policy.as insurance companies accept that the items being insured belong to the client ,are not being insured more than once
FIRE INSURANCE
1. Insurance of home and business premises and their contents 2. Special perils policies which protect the client against loss or damage due to special factors 3. Conseqential loss insurance which means insurance against losing money as a consequence of an accident
Accident insurance
1. Insurance of liability which covers employers liabilities for industrial acciedents 2. Property insurance which is part of the service fire insurance compainies provides and protection against riots and explosions 3. Personal accident insurance pay the right of insurnce to pepole who injured in sporting accidems and travelling by train or air
Accident insurance
4. insurance of interest which protects compsinies against making costly mistakes
Claims
1. The claimant was gritty 2. The claimant suffered the damage or loss out of theterms of the policy 3. The claimam misled the insures when obtaining insurance
Lioyds of london
• Lloyds of london is not an insurance compony but an internationalinsurance market consisting of insurance brokers and underwriters • If insurance is arranged by LiOyds underwriter the transaction has to go through a lioyds broker who working for a commission , will contactunderwriters on behalf of the client to get competitive rate.underwriters finance the insurance which means they will pay the claims and take the premiums as their fees.they usually work in syndicates in order to spread the risk
Lioyds of london
• Lioyds is responsible for or associated with a number of publications 1. Lioyds list shipping gazette a daily newspaper read throughout the word 2. Lioyds shipping index offers daily details of the movements of merchant ships 3. Liods loding list providera uk and european exportes with information on cargo carreis to all parts of the world 4. Lidoys register of shipping