AT A GLANCE
General liability insurance covers liability claims asserted by third parties in connection with a company’s operating activities. Product liability insurance, on the other hand, insures companies against claims for damages that are asserted based on defects in products. Professional liability insurance covers financial losses due to incorrect advice or malpractice. Special forms of liability insurance are used to cover individual risks.
MARKET
The liability insurance market has hardened in recent years due to macroeconomic (e.g. inflation) and geopolitical (e.g. the war in Ukraine) turmoil. Trends towards increased expenditure can be observed due to increased litigation costs and compensation payments (“social inflation”), as well as court rulings in the US awarding exorbitant figures for damages (“nuclear verdicts”). Insurance providers have responded by significantly reducing the insurance cover they offer (reduction of capacity).
WE ADVISE YOU
As a reliable partner, our team of specialists is on hand to help you rise to the challenges that your company faces. We represent your interests vis-à-vis the insurers, conduct the necessary negotiations to ensure risk-commensurate cover and support you if you need to make a claim – if necessary as the Swiss partner of Marsh worldwide.
Are you interested in a collaboration or do you have any questions? Your contact person looks forward to hearing from you.
Andreas Strässle
Practice Leader Liability Insurance
