Tuesday, 18 October 2016

Excess Layer of an Insurance

Excess layer cover is a policy designed to provide increased limits of liability over your primary insurance cover.


 A Roofing company has £2,000,000 Public Liability, they have requested cover for £5,000,000 for a contract they are starting.

Excess layer will provide the £3,000,000 over £2,000,000 to give a total of £5,000,000"

Example phase from an insurance policy:

Combined single limit bodily injury, property damages losses up to USD 20M any one occurrence and in the aggregate in excess of a primary layer of USD 40M....

In above example aggregate value of the insurance policy is 20M+40M=60M

Source: http://www.scruttonblandinsurance.co.uk/liability/excess_layer.php

Wednesday, 13 January 2016

Tool box meeting is mandatory in Qatar

It is a general practice in Construction sites to carry out Tool box meeting (s) for the benefits of their workers, in terms of their health and safety, prior to commence the work by gang leader (s).
In Qatar, it is a legal requirement pursuant to the Qatar Labour Law (Law No (14) of the Year 2004), in particular Section 53, to carry out such meeting, as extracted below

Article (99)

The employer or his representative shall on the commencement of every worker's engagement inform him of the hazards of the work and the hazards which may occur thereafter and shall inform him of the safety measures to be taken for the protection therefrom and shall post up in a conspicuous place his detailed instructions concerning the means of observing vocational health and safety for protecting the workers from the hazards to which they are exposed during performance of their work.

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