What Drives the System?

What Drives the System?

Insurance, a legal contract, has been advertised as a commodity lately, like the utensils we use in the kitchen. Even the conclusion period of an important contract is measured in minutes, with no regard to the details of the contract conditions. The first lesson in...
MEET (Y)OUR AUTHORS

MEET (Y)OUR AUTHORS

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...
Save the Profit

Save the Profit

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,...
Increase in Cost of Working

Increase in Cost of Working

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...