The insurance sector has also been fast developing. BSLP deals in insurance and financial institutions regulations. We provide legal advice and representation related to Insurance Laws as well as address insurance and reinsurance coverage issues arising out of a wide variety of claims, including bad faith claims, environmental related claims, construction defect claims, construction bodily injury claims, personal injury claims, employment-related claims, product liability claims, professional liability claims, general liability claims and claims related to storm, fire, water losses, etc.
MOTOR ACCIDENT CLAIMS
Motor insurance is insurance for cars, trucks, and other road riding vehicles. It provides protection against physical damage resulting from traffic collisions and against liability that could also arise there-from. It covers
Death due to motor accident
Permanent total disablement due to motor accident
Permanent partial disablement due to motor accident
Third party legal liability
MARINE INSURANCE CLAIMS
A contract of Marine Insurance is an agreement, whereby the insurer undertakes to indemnify the insured, in the manner and to the extent thereby agreed, against transit losses, that is to say losses incidental to transit. The Marine Insurance includes A. Cargo Insurance which provides insurance cover in respect of loss or damage to goods during transit by rail, road, sea or air. Thus cargo Insurance concerns the following:
Hull Insurance which is concerned with the Insurance of ships (hull, machinery, etc.)
Export and import shipments by ocean-going vessels of all types
Permanent partial disablement due to motor accident
Coastal shipments by steamers, sailing vessels, mechanized boats, etc
Cover for an owner, driver in case of death
MEDICAL AND HEALTH INSURANCE
Health Insurance is a type of insurance whereby the insurer pays the medical costs of the insured if the insured becomes sick or injured due to covered causes, or due to accidents. The insurer may be a private Insurance company or a government agency. to the policy holder the Insurance may pay for medicine, visits to the doctor, hospital stays, other medical expenses and loss of earnings, depending on the conditions covered and the benefits and choices of treatment available on the policy.
PERSONAL ACCIDENT INSURANCE
Personal Accident Insurance covers in the event of the person sustaining bodily injuries resulting solely and directly from an accident caused by external, violent and visible means, resulting into death or disablement (partial/total). It pays for injuries sustained, occurred anywhere in the world.
Death due to accident
Permanent total disablement due to accident
Permanent partial disablement due to accident
Third party legal liability
LIFE AND GENERAL INSURANCE CLAIMS ARISING OUT OF ANY INSURANCE CONTRACTS
Life insurance is a contract between the policy holder and the insurer, where the insurer agrees to pay a designated beneficiary a sum of money upon the occurrence of the insured individual’s or individuals’ death or other event, such as terminal illness or critical illness.
Death
Terminal illness
Critical illness
FIRE INSURANCE CLAIMS
Fire insurance means insurance against any loss caused by fire and it entitles the policy holder to claim the damage to a property caused by fire including the cost of replacement, reconstruction or repair beyond what is covered by the property insurance policy. Policies cover damage to the building itself, and may also cover damage to nearby structures, personal property and expenses.