A bond is not an insurance policy, having some fundamental differences from it. An insurance policy is an agreement between two parties only, the Insured and the Insurer whereby, in return for a premium, the Insurer agrees to pay claims should the event insured against occur. A bond, however, involves three parties: The contractor, who […]
Read MoreThis 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 MoreBy: A. Keshelle Kerr In a tough economy, talking about money and investing can be more important than a primer on the "birds and the bees". Since my last article on "tough times", I promised not to write a similar one again. However, as things have gotten financial tougher for some parents, I am sure […]
Read MoreKids pick up on the unspoken messages of those around them. Unfortunately, most of us as parents do not set the best example when it comes to personal finance. For better or worse, the best way to raise financially savvy adults is to start young.
Read MoreIf you are the parent of a young child, you are probably used to hearing pleas like these. How many of us however, actually take the time to ensure that these habits we see our kids displaying at an early age are not carried over into adulthood?
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