With the right knowledge, hot work* need not put your business at risk. Effective training and correct
procedures help ensure compliance with the OHS Act and greatly reduce the possibility of hot work
related fire in your facility. Not having the requisite hot work procedure and permit in place may ... Read More »
Used in reinsurance treaties to refer to the ceding company’s loss which is reinsured by the treaty. It represents the sum or sums paid by an insurance company in settlement of all losses arising out of one event. It includes any litigation or other expenses incurred in connection therewith, but excludes any charge for the services of any salaried employee of the insurer in connection with the investigation of claims less all recoveries, whether ...