Liability insurance is vastly different from any other type of insurance available in the commercial market. This is mainly due to the fact that it is much easier to quantify the value of an asset for short term insurance purposes, as opposed to estimating the cost and or damages of possible litigation against the business. This is according to Simon Colman, Executive Head at SHA Specialist Underwriters , who encourages business owners and executives to engage extensively with their insurance brokers when it comes to reviewing liability insurance requirements. “Many brokers have access to specialist underwriting teams who can share valuable insights on both the increase in claims frequency and changes in litigation patterns across a broad spectrum of industries.” When it comes to reviewing a liability insurance policy, there are important considerations that a business owner needs to consider together with their broker. Simon Colman Below Colman explains what some of these ...