Biotech Insurance: Biotech Insurance, Biotech Liability Insurance, Biotech Professional Indemnity & Biotech Business Insurance

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MAKING NEWS

Sun, 18 October 2009
Australian Farmers Ready to Sue
The potential for Australian farmers to sue over contamination from neighbouring bioengineered crops has insurance companies worried, prompting a review of public liability policies.

The issue has also forced a review by the Gene Technology Grains Committee of how soon crop segregation and traceback technology can be introduced, although a committee spokesman said its deliberations would probably remain confidential until later this month.

Wesfarmers Federation Insurance, a major national company, has sought legal counsel on its liability for biotech crop claims. Spokesman Roger Barnett said the firm is still working through its options.

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Solid protection in the form of commercial insurance, should buildings, tools or materials become damaged, is important for company survival, and many individuals believe that having insurance coverage will replace losses in the case of fire, theft or accidents. ... more

Insurance: The Absolute Basics
An insurance policy is a contract that establishes a binding legal relationship that is regulated by both the common law and legislation ... more

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Knowledge Base

Insurance Claim: Notification to an insurance company requesting payment of an amount due under the terms of the policy.

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