5 Things Contractors Can Do About Insurance During Covid-19

| April 10, 2020

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With the major impact of the COVID-19 outbreak, contractors appreciate the need for insurance coverage even more.  You may be safely covered by Force Majeure and pandemic clauses in your policies. However, you may still be wondering how to deal with the associated costs related to the COVID-19 outbreak risks. In this article, let’s look at some of the steps you can take to handle your insurance position during the pandemic.

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Validus Reinsurance, Ltd

Validus Re is the global brand used by the companies of Validus Reinsurance, Ltd. Headquartered in Bermuda, Validus Re is a global provider of short-tail lines of reinsurance including property catastrophe, property pro rata and property per risk, as well as marine and energy, and other specialty lines.

OTHER ARTICLES

Business insurance coverage in the COVID-19 era

Article | April 7, 2020

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Does Your Business Interruption Insurance Cover COVID-19-Related Losses? Are You Sure?

Article | April 8, 2020

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3 ways AI is transforming the insurance industry

Article | February 24, 2020

As AI, big data, and the internet of things (IoT) find their way into every aspect of our lives, many industries are undergoing a transformation. “Insurance executives believe that artificial intelligence (AI) will significantly transform their industry in the next three years, with insurers investing in AI to empower agents, brokers and employees to enhance the customer experience with automated personalized services, faster claims handling and individual risk-based underwriting processes,” consulting firm Accenture forecasted in 2017.

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RPA in Insurance: 6 Tips for Success

Article | February 12, 2020

It’s not hard to understand the appeal of Robotic Process Automation, or RPA, in insurance: by automating mundane, repetitive tasks like data entry, it can reduce costs and cut cycle times while freeing employees to focus on providing better service to customers. Over the past few years, I’ve talked with, advised, and worked alongside insurance companies as they implemented RPA. All of them have benefited, but few have gained as much as they expected.

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Spotlight

Validus Reinsurance, Ltd

Validus Re is the global brand used by the companies of Validus Reinsurance, Ltd. Headquartered in Bermuda, Validus Re is a global provider of short-tail lines of reinsurance including property catastrophe, property pro rata and property per risk, as well as marine and energy, and other specialty lines.

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