"Everything in moderation…" Fergus Bescoby takes a look at the use of alcohol and recreational drugs in insurer's terms
Alcohol and drugs have made regular headline news recently and as you would expect, never for the right reasons. Some 2500 years ago Socrates quoted “Everything in moderation, nothing in excess”. With this in mind, there are various implications for insurance companies of clients not heeding Socrates warning. Alcohol Abuse There are numerous illnesses related to alcohol abuse and depending on the extent and severity of the illness, some may be insurable and others not. It is up to the underwriter to determine the extent of the risk and offer terms accordingly. Signs and symptoms inc...
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