Business interruption by the Coronavirus – various insurances you might have already do cover potential losses

PT PRIME Consultancy is offering a general risk assessment check for your company and the potential impact of identified risks to your Financials and Liquidity. We also work together with insurance experts which can identify gaps in your insurance coverage as part of the risk identification process. If factories or parts of the production line or offices have to be closed, suppliers cannot deliver or buyers cancel orders it can have a devastating effect on the companies Financials and liquidity situation. Please contact us for risk assessment inquiries: info@prime-consultancy.com. The following brief overview gives an idea which insurances might give you some protection - which you might have already: 1. Business Interruption & Contingent Business Interruption Coverage 2. Commercial General Liability, Directors & Officers, and…

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Omnibus Law for improving Investment Climate

Dear Readers, PRIME Consultancy would like to give you regularly updates about the so-called omnibus law that shall be upcoming soonest in 2020. This bill was first announced December last year and aims to overrule various regulations concerning different topics. After several failed attempts, a draft bill has been submitted to the House of Representatives on 12 February. Here are some of the recent developments on the bill that could significantly change the business climate in Indonesia: The draft is 1028 pages long containing 1200 articles covering 11 topics, with the main topics being job creation, taxation and SMEs. It shall be replacing in one go dozens of other laws with thousands of implementation regulations that are all together seen as the root of the…

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Revamp your Hiring Process in 2019!

PRIME Consultancy is appointed by Humanostics, a Danish headquartered management consulting firm specialized in workforce analytics, to represent their leading HR-Profiling-Tools in Indonesia.Their Predictive Index stands out by enabling HR managers and users to create a required behavioral profile for a specific job role. The job assessment gives all involved persons a proven framework. The targeted job profile can then be compared to any person who has completed the behavioural assessment, for example, job applicants or employees waiting to be promoted.The online tool helps you to save time and HR expenditures by identifying the talent with the best matching behavior. How effective this is in practice shows the case study of DocuSign. The NASDAQ listed company used the Predictive Index to improve their HR hiring…

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