At Technical Assessing, our aim is to settle claims quickly and pro-actively, while avoiding unnecessary legal dispute and associated cost. The pragmatic approach to assessing technical claims can often result in less overall expenditure, as illustrated by Sydney-based liability adjuster Andrew Buchanan.
WA-based Loss Adjuster David Outred discusses Testing and Commissioning and its significance in Machinery Breakdown policies, emphasizing factors that may contribute to breakdown and failure in machinery, and the risks involved with writing these types of policies.
Tasmanian-based Loss Adjuster Nick Ackers travelled to Antarctica two years ago with the Australian Antarctic Division to examine damage from a fuel spill. Nick details his trip to the continent including a variety of challenges faces as a result of the natural environment, and outlines the technicalities involved with large technical claims in remote locations.
A Statement is invaluable in cases where conflicting opinions exist. It is critically important to know how to obtain an accurate Statement and make it as comprehensive as possible. Stefan Lakomy shows us the significance of certain details when obtaining a Statement.
Just as many people will need a blood transfusion in their lifetime to replenish their blood supply and make them healthy again, the oil in an internal combustion engine is the lifeblood of that machine. Richard Kranz explains the importance of maintaining the oil in an engine, and it's significance in a machinery breakdown insurance policy.
If two or more policies cover the same loss, and satisfy a number of other criteria, contribution can apply between the policies. This article looks at some examples of construction policies where a number of different parties are covered, and the use of the term "specified" in all relevant insurances to each claim.
When it comes to most insurances, the answer is everything. Steve Nance takes us into the world of policy wording and the various components of a clause, from the different ways companies word their documents, to the most important parts customers should be aware of.
Let’s face it – most people don’t understand insurance. And to many of those who do, liability insurance is still a bit of a mystery. So when we speak to insured’s about their liability claims, we often have to explain how liability insurance works. Andrew Bristow clarifies a few common misconceptions by detailing some points that a liability policy is not.