Summary |
The present book is an attempt to meet that need and to deal fully, yet as far as possible in a readable form, with the principles, conditions and available scope of modern consequential loss policies – including the pitfalls –as related to the practical task confronting those who have to arrange, advise upon or supply information in connection with such contracts or the settlement of claims under them on the United Kingdom. It is hoped that accountants whether in private practice or in the employ of industrial concerns, company secretaries and directors, insurance brokers, underwriters, insurance company officials (particularly “outside men”) and loss adjusters will find it of practical value as a book of quick and easy reference.
With this object in mind the method of numbered subject-paragraphs has been used in lieu of numbering by pages. This, combined with a compendious index, in which the numbers of the principal paragraphs on any matter are shown in heavier type and cross-references are give in the text wherever it is considered they will be useful, makes reference both speedy and direct. Additionally, the index includes paragraph references for a considerable number of trades, so that a person dealing with a particular firm’s consequential loss insurance may have his attention directed to any problems mentioned in the text as being specially applicable to the trade in which that firm is engaged. In the appendix, specimens are given of policy forms and specifications only in current use, while illustrations of claims settlement calculations are given to show the varying factors which are most frequently encountered in actual losses.
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