Several scenarios that businesses encounter in routine operations may expose them to litigation and general liability claims. A customer walking through a business could slip on a wet floor, or a piece of equipment could fall and damage a customer’s personal belongings. These and other incidents may lead to liability claims, disrupting operations and placing...
Unforeseen incidents can occur in everyday business operations, exposing organizations to potential liability. A customer may slip on a wet floor, or a contractor may accidentally damage a client’s property. Just one general liability claim can disrupt business operations, create financial strain and affect future insurance costs. The financial and organizational impacts of these incidents...
Although the general liability insurance market is displaying signs of stability, some troubling developments and cost drivers persist. In particular, the United States continues to be a highly litigious environment, prompting a growing number of lawsuits following liability incidents—actual or alleged—and, consequently, heightened legal defense expenses and associated insurance claims. This trend is primarily driven...
Market Outlook Rising claim frequency and severity have generated hardening conditions across the general liability insurance segment in recent years, prompting ongoing rate increases, stringent underwriting standards and limited capacity. Fortunately, insurance carriers experienced slightly better underwriting results in 2022-23, paving the way for rate moderation. Nonetheless, several concerning trends across the segment—including rising litigation...
We use cookies to improve your experience on our site. By using our site, you consent to cookies.
Manage your cookie preferences below:
Essential cookies enable basic functions and are necessary for the proper function of the website.
You can find more information in our Privacy Policy and Privacy Policy.