Expert breaks down how to prevent a coverage landmine
As insurance professionals navigate an increasingly litigious business environment, one risk remains both pervasive and often overlooked: contractual liability.
With nuclear verdicts on the rise and social inflation increasing litigation exposure, brokers who don’t perform due diligence on contract language do so at their peril, one expert told Insurance Business.
Contractual liability arises when one party agrees to take on certain risks, often unknowingly, through indemnity or ho…