This is the main material damage cover (see the next section for Loss of Profits) required by businesses, protecting the buildings and contents against a variety of perils. Perils To Be Covered While there is the understandable perception that the main threats to the assets of any business doing business in The Bahamas are fire […]
Read MoreThis type of cover is also known as Consequential Loss or Business Interruption. The Fire & Perils policy excludes consequential loss, so a separate Loss of Profits policy is required. Loss of profits following a major loss, like a fire or hurricane, is often responsible for putting a business out of operation if Loss of […]
Read More
The insurance industry in The Bahamas is divided into two distinctly separate markets: Domestic Market – insurance of local risks by locally-owned or foreign-owned insurers International [Captive] Market – the insurance of foreign risks by foreign-owned insurers working through The Bahamas The domestic market is surprising large for a country with little more than 300,000 […]
Read More