News & Updates
TRADE CREDIT
In today’s global economy, every company faces the very real risk of managing credit and counterparty exposure. Be it manufacturers, distributors or wholesalers; accounts receivables is usually the largest uninsured asset on the balance sheet. For some, it is the primary source of revenue. Economic downturn, commodity pricing volatility and increasingly changing political situations around the world, make it even more important for companies to adapt and secure their trade receivables and better their credit management systems. AMG understand the markets and the needs of clients and work with you to better manage your balance sheet risk by offering customized solutions for trade credit insurance policies. “HELP PROTECT YOUR BUSINESS AGAINST THE POTENTIAL MISFORTUNES OF YOUR CUSTOMERS” If you trade or sell goods on a credit basis, you’re at risk of bad debt or non-payment by customers. This can disrupt your cashflow and leave you out of pocket. Trade credit insurance is essential to protect your income and business asse ts against pot ential cus tomer failure. With the right cover, you can grow your business confidently, knowing you’re protected if things go wrong. THE BENEFITS OF TRADE CREDIT INSURANCE...
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DIRECTORS AND OFFICERS LIABILITY
Company directors are required to act in the best interest of the business and are therefore under immense pressure to meet the expectations of all stakeholders. Even with the best intentions, mistakes do happen and as the company director you may be left personally liable for allegations of a breach of duty or wrongful acts. At AMG, we understand the liability risks that business directors and officers are exposed to. That's why our expert insurance brokers are here to deliver corporate risk advice and a smart, tailored insurance solution to cover you, not just your business. Directors & Officers (D&O) will protect organizations and directors against allegations and liability lawsuits relating to: Breach of legal dutyEmployment practicesErrors of judgment, even if innocently madeFailure to protect interests of shareholdersReporting errorsFailure to discloseMisrepresentationAntitrust or deceptive business practicesCompliance failureFailure to disclose conflicts of interests In your position, you may be exposed to claims brought against you by: SHAREHOLDERS (including actions of merger and acquisition disputes, financial performance, bankruptcy, executive compensation, stock or public offerings, conflict of interest, inadequate or inaccurate disclosure and financial reporting) EMPLOYEES (including claims for wrongful dismissal, harassment or failure...
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PRODUCT LIABILITY
Today, the liability of exporters has increased worldwide. Everywhere, consumers are becoming more aware of their rights and are quicker to exercise those rights by filing product liability suits against exporters, manufacturers, processors. Just one claim could put a severe financial strain on your business - and could even lead to the collapse of the company. In fact, merely the cost of defending an "unsubstantiated“ claim against you can cost several million dollars. “Don’t let one faulty product destroy your entire business” WHAT IS PRODUCT LIABILITY INSURANCE? Product liability coverage provides protection against bodily injury and property damage losses arising out of some defect in the product you sold, manufactured or distributed. Product liability insurance may also provide coverage for claims arising from damages due to providing inadequate instruction for use of the product or a failure to warn on your product label. LISTED BELOW ARE A FEW EXAMPLES OF PARTIES THAT MAY BE EXPOSED TO A PRODUCT LIABILITY CLAIM: The product manufacturer, importer, or distributor;A manufacturer of component parts;A party that assembles or installs the product;The wholesaler; andThe retail store that sold the product to the consumer YOU CAN...
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CONSTRUCTION
Due to the complexity of construction projects and related contract agreements, it is essential to have comprehensive insurance protection in force to ensure that contractual obligations are met We have been a niche provider of insurance brooking services for the construction industry. We carefully tailor a policy to suit the specific requirements of your project, no matter how large or small. We understand the issues typically faced by property developers, finders and contractors. By working with closely you and your teams we can provide competitive, bespoke insurance solution to protect key construction assets, legal liabilities and financial exposures. THE INDUSTRIES WE SERVE: Power and UtilitiesInfrastructureRenewable Energy, Energy Efficiency and Clean TechnologyPort and TerminalsTransportationWaste and Water TreatmentConstructionMining, Metals and MineralsCommercial Mixed-Use THE KEY BENEFITS INCLUDE TRANSACTIONAL EXCELLENCE Managing your performance security program is a key focus. In the event of project insurance placements or contract specification reviews, our team will guarantee a tailored approach to managing your construction risk. CLAIMS PREPARATION We recognize that an insurance claim can disrupt a project's critical path. Our claims team works diligently to keep your claim on track through effective claims management, including claims advocacy...
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EQUINE
One thing you do need to consider as a responsible horse owner is that there are a number of risks associated with horse ownership. This includes risk relating to the horse, to you, to equipment such as your horse trailer, and even to others who may be injured or sustain damage to their property as the result of a run in with your horse. Our team has experience in designing products for the equine and has a keen interest in all equine matters. As well as advising on every type of insurance cover available for the equine market, the team can create bespoke products if required. BLOODSTOCK For valuable bloodstock risks cover can be arranged for All Risks of Mortality, Stallion Infertility, Mare Barrenness and Prospective Foal insurance. HORSE AND PONY From the family hack to the riding club horse, insurance cover is available for All Risks of Mortality, Veterinary Fees, Loss of Use, Personal Liability and Saddlery and tack. COMPETITION AND SPORTS HORSES The life of a high value competition horse can be very different to that of a family horse. Insurance cover needs to reflect this. Comprehensive cover...
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EMPLOYEE HEALTH & BENEFITS
As an employer, you are constantly being challenged to weigh costs and employee health needs while trying to manage the ever-changing compliance requirements for the group insurance plans. AMG Benefits is an independent, professional, creative consulting resource that offers industry-leading products and services. We span the gap between traditional benefit arrangements and self-funding, flexible benefit arrangements and third-party administration. We work as an extension of your business to provide a full suite of health insurance, benefits and wellness solutions for your employees. SERVICES WE OFFER Our team of Employee Health & Benefits can help you BENEFIT AUDITS AND RELATIVE VALUE INDICES We will assess your organization's benefits or compensation offering in relation to the market. We offer relative value analysis, benefit level benchmarking, claim benchmarking, cost comparisons, and risk assessments. BENEFIT SURVEYS Employee meetings, employee communication pieces, and awareness studies. EXPATIATES/ INPATRIATES Competitive and cost-efficient solutions for international employee benefits. We offer optimized protection while safeguarding the continuity of your business. CREATIVE SOLUTIONS Administrative-only agreements, refund accounting, health care spending accounts, flexible benefit strategies, and health and welfare trust solutions for organizations of any size. MARKET SURVEYS Preparation of benefit...
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