liability
December 23, 2025
Understanding Contractual Risk Transfer
Contractual risk transfer (CRT) involves shifting financial responsibility for specific risks from one party to another within a contract. This risk management strategy is crucial for construction employers, as it places liability on subcontractors, vendors or service providers. In this way, CRT protects employers’ margins, reduces uninsured losses and helps ensure insurance coverage for losses....
July 24, 2025
Understanding Management Liability Insurance
Today’s business leaders face numerous legal and regulatory pressures. Allegations of mismanagement (e.g., poor oversight, regulatory noncompliance or breach of duty) can arise from a wide range of stakeholders—including employees, shareholders, customers and regulatory bodies—who are increasingly willing to pursue litigation when governance falls short. Even with robust governance and compliance frameworks, unforeseen claims can...
June 20, 2025
General Liability Insurance Midyear Market Outlook
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...
May 27, 2025
Business Continuity Planning Benefits
Unexpected disasters can impact organizations, their operations and stakeholders. Natural catastrophes, cyberattacks, public health crises and supply chain incidents can all have serious consequences. These and other events can damage commercial property and digital assets, disrupt critical business functions and cause operational downtime. They can also result in illnesses or injuries, emotional harm, and financial...
February 18, 2025
Common Exposures for Personal Lines Clients
Personal lines insurance can be a crucial aspect of financial planning that offers individuals and families financial protection against various risks. Personal insurance refers to a range of policies aimed at safeguarding individuals and their families from financial setbacks caused by unforeseen events. This type of insurance encompasses policies such as auto, home, renters and...
July 17, 2024
The Value of Professional Liability Insurance
Although most service professionals prioritize taking good care of their clients and providing them with the best possible guidance, mistakes can still happen. When these errors occur, clients could face considerable harm, prompting them to hold service professionals accountable for their wrongdoings and leading to costly lawsuits. Fortunately, that’s where professional liability insurance can help....