In a well-publicised High Court judgment former directors of Mainzeal Property and Construction Limited (in liquidation) were found liable for breach of their directors’ duties by trading recklessly whilst the company had been insolvent over a period of years.
Most people know that insurance policies include an excess. But if you’ve never made a claim you might not really know what an excess is for, or how they work.
Even if you’ve read your policy information thoroughly or have made claims before, there are a few things about insurance excesses that you may not know.
We have experienced rapidly increasing house prices over the past few years, increasing the value of what for many of us will be our biggest asset. But does this mean we are actually any wealthier and are we making the same smart decisions we made when our properties were worth less?
Recent figures from Sovereign show that cancer continues to be the leading cause of life and trauma insurance claims.
Cancer made up 49.6% of Sovereign life insurance claims and 68.3% of trauma claims in the 12 months to 30 June 2016. with over $115 million paid out during this time frame.
What if you bought a product which contained features that you never used – were they still worth something?
Most of us will never reach the top speed our cars are capable of. Most people never take their four-wheel drive vehicles off-road. Half of my friends don’t use half of the features of their smartphones. And on and on. Were those things worthless?