THE BUSINESS OF INSURANCE
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The insurance contract is a very complex one; sometimes creating tension between the various parties involved. Do you have any insurance-related issues, or have a passion for insurance, or just want to learn from the experts, then make a date with Bima Advisors, every Monday as we break down the subject of insurance through our interviews with major players in the insurance industry.
64 Episodes
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Lets explain General Average as it applies to Marine Insurancewww.bimaadvisors.comDISCLAIMER: I hereby declare that I do not own the rights to this music/song used. All rights belongs to the owner.
You can extend the Marine Insurance cover on your cargo to include war, strike, and the like. Speak to your insurer or broker for more informationwww.bimaadvisors.comDISCLAIMER: I hereby declare that i do not own the rights to this music/song used. All rights belongs to the owner.
Let's get to know the types of covers available under Marine Cargo Insurancewww.bimaadvisors.comDISCLAIMER: I hereby declare that i do not own the rights to this music/song used. All rights belongs to the owner.
Do you need to take a marine cargo insurance policy to cover your imports/ exports? Are you wondering what type of documentation will be needed for the insurance contract? Listen to our podcast for an answer to the abovewww.bimaadvisors.comDISCLAIMER: I hereby declare that i do not own the rights to this music/song used. All rights belongs to the owner.
The open cover is an agreement for the assured to declare all shipments and for the insurer to accept all shipments subject to the terms and conditions of the agreement.www.bimaadvisors.comDISCLAIMER: I hereby declare that i do not own the rights to this music/song used. All rights belongs to the owner.
If you need to ship several cargo with an estimated volume in mind for say a project, get the floating cover to insure all your shipments.www.bimaadvisors.comDISCLAIMER: I hereby declare that i do not own the rights to this music/song used. All rights belongs to the owner.
If you are a one-time or not a frequent importer or exporter of goods, you can arrange a single shipment (transit/voyage) marine cargo policy for your cargowww.bimaadvisors.comDISCLAIMER: I hereby declare that i do not own the rights to this music/song used. All rights belongs to the owner
Incoterms play a key role in Marine Cargo Insurance. They help you understand the responsibilities of the seller and buyer in the maritime trade.www.bimaadvisors.comDISCLAIMER: I hereby declare that i do not own the rights to this music/song used. All rights belongs to the owner
Know the perils covered by your maritime policy to be sure you have adequate protection for your anticipated losseswww.bimaadvisors.comDISCLAIMER: I hereby declare that i do not own the rights to this music/song used. All rights belongs to the owner
What is Marine Insurance?www.bimaadvisors.comDISCLAIMER: I hereby declare that i do not own the rights to this music/song used. All rights belongs to the owner
You face an imprisonment term of up to 3 years or a fine of up to GHS 180,000 or both if you fail to insure your imported goods other than personal effects with a local insurerwww.bimaadvisors.comDISCLAIMER: I hereby declare that i do not own the rights to this music/song used. All rights belongs to the owner
Did you know that the Insurance Act 2021 makes it compulsory for all imports into Ghana except personal effects to be insured by a Ghanaian insurer? Be informed!www.bimaadvisors.comDISCLAIMER: I hereby declare that i do not own the rights to this music/song used. All rights belongs to the owner
Do not assume that your fire policy covers everything you intend to cover. Let your insurer know the items you want to cover and be sure to check that they appear on the schedule to avoid any disappointment in the event of a claimwww.bimaadvisors.comDISCLAIMER: I hereby declare that i do not own the rights to this music/song used. All rights belongs to the owner
The fire policy covers damage to the property or item insured. Consequential losses are not covered but they can be added to the policy at an additional premium. www.bimaadvisors.com DISCLAIMER: I hereby declare that i do not own the rights to this music/song used. All rights belongs to the owner
Your fire and burglary insurance policy may not cover losses discovered at the time of taking stock. Discuss with your insurer if you wish to cover these losses.www.bimaadvisors.comDISCLAIMER: I hereby declare that I do not own the rights to this music /song used. All rights belongs to the owner.
Have you been entrusted with property and worried about its safety should the unfortunate happen? Offload that burden to your insurer; do make sure, however, to disclose that you are only a custodian.www.bimaadvisors.comDISCLAIMER: I hereby declare that I do not own the rights to this music /song used. All rights belongs to the owner.
It is a legal requirement to insure your commercial building. Contact your insurer, broker, or agent to arrange onewww.bimaadvisors.comDISCLAIMER: I hereby declare that I do not own the rights to this music /song used. All rights belongs to the owner.
Your insurer has the right to choose which form of settlement to use in the event of a claim. Check your policy for detailswww.bimaadvisors.comDISCLAIMER: I hereby declare that I do not own the rights to this music /song used. All rights belongs to the owner.
Check your policy for what your insurer will pay and not pay for to avoid any disappointments in the event of a claimwww.bimaadvisors.comDISCLAIMER: I hereby declare that I do not own the rights to this music /song used. All rights belongs to the owner.
Notify your insurer if you change the location address of your insured property. It can be a basis to repudiate your claimwww.bimaadvisors.comDISCLAIMER: I hereby declare that I do not own the rights to this music /song used. All rights belongs to the owner.
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This is informative. Learning a lot from your channel