Visegrad countries and the Balkans: what managers must know before a claim for damage knocks at the door

Reading time: 15 minutes

A fatal accident at work, a large shipment not reaching its destination because of an unreliable carrier, an high amount invoice going unpaid because of a customer’s bankruptcy, a devastating flood or fire, damages to the environment. These are just some of the risks that, if not properly anticipated and mitigated with appropriate prevention measures, could expose company directors to large claims for compensation and damages, often to be paid … Read more

Defective product: what managers and business owners have to know to avoid International legal disputes with customers and suppliers

Reading time: 9 minutes

Product liability insurance is absolutely essential when we sell a product abroad or when we import dangerous items into our country: in the event of a manufacturing defect, it protects the company’s turnover from expensive claims. In addition to damage to property and persons, we risk incurring expensive recall costs, especially when we have exported our product to countries where regulations to protect the health and safety of consumers may … Read more

Is your company ready for the surprises of the bad season? Prevention really is indispensable before is too late

Reading time: 8 minutes

Last updated November 2024 The recent devastating floods that hit the Czech Republic, Poland and Spain during this last spring as hot as an endless summer should not make us forget that winter can also hold nasty weather surprises for businesses. Owners and managers of production sites, warehouses, shopping centres and logistics centres are warned: the sudden arrival of a storm, followed by a severe frost or an exceptional snowfall, … Read more

Business abroad: how to reduce risks in 5 points.

Reading time: 3 minutes

Do we want to sleep soundly? Opening the gates of our firm to experienced consultants is an excellent strategy: what ever it happens, insurers and risk managers never leave us alone. A case really happened. In 2010 in Australia an industrial bakery was entirely destroyed by a huge fire. The insurance company refused to pay multi-million $ compensation: why? The walls’ premises had been constructed using a large quantity of highly flammable … Read more

Does insurance pay always in case of fire?

Reading time: 3 minutes

End of the year is approaching and, as usual, here it is a first summary of those many questions that our clients put us during the inspection of their firms. Companies are becoming more and more aware of the risks they face during their business activities, especially if we are abroad and the texts of the insurances are written in local language. Once again, we found considerable confusion about the difference … Read more