WICA – The Recent Changes

The year 2016 saw a few changes in The Work Injury Compensation Act (WICA) with modifications in the compensation limits in the event of complete and permanent incapacity or death due to a work-related injury. What is WICA? Through The Work Injury Compensation Act, the Ministry of Manpower (MOM) aims to make it easier for Read more about WICA – The Recent Changes[…]

Man Made Risks to Cargo That Can Be Covered By Marine Insurance

The marine industry is one of the major ways of shipping huge cargo. A single ship can carry hundreds of thousands of dollars worth of cargo in one trip. This is a huge financial risk that the shipper takes every time they send a shipment. Investing in marine insurance from a good company can reduce Read more about Man Made Risks to Cargo That Can Be Covered By Marine Insurance[…]

What Is Indemnity Insurance? What Are the Benefits?

Indemnity insurance is a form of insurance that is made to protect the financial interests of business owners, entrepreneurs, and professionals if they are found to be liable for a particular act or event such as fraud, misrepresentation or misjudgment. Insurance is a contract of indemnity to indemnify or compensate one party, known as the Read more about What Is Indemnity Insurance? What Are the Benefits?[…]

How To Choose The Right Insurance Provider?

The change Gone were the days where if someone has to buy any type of property and insure it, they need to meet an agent from any insurance company. Things have changed enormously in the past decade. The banking sector was allowed to enter the zone of insurance in many states across the nation and Read more about How To Choose The Right Insurance Provider?[…]