Introduction A contract is a legally enforceable agreement. We stated in our earlier write-up the elements that make a contract to be legally enforceable. These we said include agreement (offer and acceptance), capacity (the competence of all parties), mutual assent, consideration, legal purpose, and the form required by law. Insurance contracts must contain all the […]

Introduction Envisage that you’re deliberating on motor insurance coverage with a potential insured who queries why he/she should pay an annual premium even if he/she doesn’t make a claim. Bearing in mind that an insurance contract encompasses fortuitous events and the exchange of unequal amounts, how could you explain to him/her why his/her payments would […]

“Everyone is replaceable” is a lie, according to Liz Ryan. She believes if we were truly hiring people who could be replaced at any moment, we’d be doing a terrible disservice to our customers and shareholders. While it may be true that an organization’s employees are its greatest asset, they can also be one of […]