Get all the information you need about business insurance products in Hong Kong with our in-depth articles on the comprehensive range of business insurance offerings in Asia's World City. From the legal regulations around Employee's Compensation Insurance, through to coverage options for Professional Indemnity and D&O Products, CCW Global gives you the extensive insights you need to understand the complicated corporate risk landscape in HKSAR.
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Published on: 31 August 2022 by Michael Lamb
In recent weeks the number of flights arriving and departing from Hong Kong International Airport has risen, with major carriers adding roughly 12% more flights over the last month. Recent news has also seen the city’s flagship carrier, Cathay Pacific, offer pilots bonuses for flying into China; signaling that there may be far more activity in relation to air travel and flying in the coming months.
As airlines return to their regular routine and as international travel restrictions loosen in the coming year, it is important that pilots protect their livelihood and future earnings by ensuring that they have the highest quality loss of license insurance available.
Published on: 17 August 2022 by Michael Lamb
The global digital ecosystem exists in a fundamentally different state in 2022 than it did in 2012. The rise of the Internet of Things coupled with the hybridization of work habits spawned by the Covid-19 pandemic has seen the exposure of a new wave of digital crime.
In the fourth quarter of 2021 Cyber attacks on businesses reach historic levels globally, with company experiencing 50% more attacks each week than ever before. In 2021 there was also a significant increase in the number of attacks targeting software supply chain organizations, with attacks increasing in the wake of the Apache Log4j utility. This is extremely concerning, especially in light of studies which suggest that cyber-criminals can penetrate 93% of all company networks globally.
Published on: 10 August 2022 by Michael Lamb
Liability; the state of being responsible for something, especially with regard to debt or financial obligation.
There are other definitions of liability (in relation to “embarrassment,” for example), but for the purposes of insurance in Hong Kong there is possibly no more important concept. Unfortunately, under the law Liability is broadly applicable to many kinds of loss – something, or someone will have ultimate responsibility for any situation causing a loss. Whether that is damage to property, or a physical injury and death, in most cases the legal system in Hong Kong will work to determine who is “liable” for the loss being experienced, and will expect that entity to provide adequate compensation.
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