Fidelis, Aon and Marsh have developed a clause which makes it a condition of marine cargo policies that the insured complies with applicable legal and regulatory obligations in respect of forced and child labour, with the aim of keeping the products of modern slavery out of the export supply chain.
Charles Mathias, group executive director and group chief risk officer, Fidelis Insurance said: “Forced labour in all its forms is an extreme expression of inequality and injustice. The insurance industry is committed to do all it can to prevent association with the abhorrent practices of modern slavery. We sometimes think that slavery is a thing of the past, but it is not – it is real and present in all societies and we want to do our part to root it out.”
Latest News
-
IUA to examine role of insurance in carbon reduction
-
BSI: Businesses don’t understand implications of net zero
-
HSE to increase COVID-secure spot checks
-
VIEW: Trade credit weaknesses remain despite government scheme
-
Government moves to increase pressure on late payers
-
2021 Predictions: Cyber carriers will become more selective
Are property insurers ready for timber
The Structural Timber Association is gearing up to help all stakeholders in the construction supply chain to fully appreciate the advantages of building in timber, how to deliver such projects and most importantly to understand and manage the risks.
The changing face of BC and WAR
The working environment has changed quite dramatically for many over the last six months. With social distancing and the rise of homeworking, it is not just how businesses operate that has changed, but also how they recover. In this podcast we discuss some of the challenges created by the quick shift to home working, why the office may not have seen its last days and how the current environment can impact the ability of a business to recover.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories