An Evolving Risk: Understanding Management Liability Insurance
Management liability will likely go through some shifts in the next few years as it adjusts to changes in social inflation and in court interpretations.
Management liability will likely go through some shifts in the next few years as it adjusts to changes in social inflation and in court interpretations.
The product offers general liability coverage for a range of small artisan contractors, both commercial and residential, and also includes subcontracted work.
Berkley Select has added new coverages, more flexible policy forms and expanded capacity.
Coverage highlights include defense beyond the standard limits, automatic inclusion of third parties and full prior acts coverage.
Changes in health care are happening too rapidly for independent agents to assume the status quo for medical professional liability clients at renewal time.
The current labor market is creating various professional liability insurance exposures for many business owners.
After double-digit rate increases in 2021, the markets for management and professional liability have rightsized with regard to premiums.
Many business owners have not considered the impact changes in the business environment will have on their insurance requirements.
The new product offers flexible, standalone professional liability coverage for a wide range of law firms, including growing law practices.
Condo and homeowner association boards should review and amend their policies to make maintenance a priority.