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Senate intends assisting brokers by providing basic information about how the new legislation operates and what this translates to in terms of risk to clients. In addition, this educational incentive includes insight into the pollution liability cover now available from Senate, by providing a user-friendly understanding of the policy and the documentation. Pollution Liability Insurance Made Easy has been added to the Senate website. It is strongly suggested that you take the time to go through this to improve your understanding and enable you to competently discuss this with your clients. It is of crucial importance that clients give careful consideration to the impact that the new legislation will have on their business, to ensure that they comply with both the physical and financial legal requirements because “I didn’t know” will not wash in court. On the question of whether this heralds a broadening of Senate’s traditional focus on transit insurance, MD Mr. Janssen has said that Senate will remain a niche insurance provider. The innovative new pollution product is as a direct result of the growing demand for a more suitable insurance protection from pollution risk faced by our clients.
For more detailed information, please consult the section of the Senate website. |
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S E N A T E N E W S L E T T E R 2 0 0 2 - P A G E 2 |
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