Thinking Risk

A GRP blog providing insurance and risk insight

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News September 11, 2019

Five reasons why it’s vital to review your liability insurance Limits of Indemnity

Allianz estimate that inflationary factors have more than doubled liability claims costs over the last 10 years. Within that timeframe many businesses haven’t changed the Limit of Indemnity provided by their liability insurance policies, leaving themselves exposed to potentially catastrophic underinsurance.

This article explores some key factors driving claims cost inflation.

Casualty