by George Jennings, Kobus van Niekerk | Nov 4, 2024 | Consort
The construction industry holiday is a period when most contractors, sub-contractors, architects, quantity surveyors, engineers, and other professionals in the construction industry, enjoy a well-earned break. From the middle of December until the middle of January...
by George Jennings, Kobus van Niekerk | Sep 30, 2024 | Consort
Liability insurance forms an integral part of practically all Contract Works and Plant All Risks insurance policies. The use of vehicles on public roads and in public areas are regulated by the Road Accident Fund Act 56 of 1996 which provides for the institution of...
by George Jennings, Kobus van Niekerk | Jul 1, 2024 | Consort
George Jennings and Kobus van Niekerk are both senior underwriters at Consort. Collectively, George and Kobus have 100+ years of experience in their insurance careers. Their experience ranges from corporate and commercial insurance underwriting, through to...
by George Jennings, Kobus van Niekerk | Jun 5, 2024 | Consort
Scope of Business Interruption Insurance Business Interruption insurance is also known as Loss of Profits insurance and/or Consequential Loss insurance. The policy is designed to provide the necessary indemnity to enable a business to achieve their financial results,...
by George Jennings, Kobus van Niekerk | May 7, 2024 | Consort
Understanding Increase in Cost of Working (ICOW) In the event of an indemnifiable insurable loss, the Insured can potentially be exposed to additional costs incurred to rescue the business. In other words, the Increase in Cost of Working (ICOW) refers to the...
by George Jennings, Kobus van Niekerk | Mar 4, 2024 | Consort
1. Introduction to underinsurance It is a prerequisite of certain classes of insurance that the insurance values are adequate to match the exposure. In the event of deliberate or inadvertent failure to choose a Sum Insured that at least matches or exceeds the value of...
