Liability Claims

With Liability Claims we are talking about a third party (or outsider) seeking financial compensation from you the Insured.

From here we ask what they are claiming for because it may or may not be covered by an Insurance Policy. It is so important that we as your Insurance Broker discuss all the liability risks you may face and how they can be handled.

They can be Professional Risks, Product Liability Risks, Management Risks, Directors Liability Risks, Workplace Risks and risks of injury. Not all of these will be covered by one policy alone.

Liability claims are an unfortunate but very real part of doing business. And they’re costly.

  1. First, there is the actual dollar cost to claims expenses.
  2. Second, principals spend hours defending a claim, leaving less time to service their clients.
  3. Third, and most serious, is the potential damage inflicted by a liability claim on a client relationship and the firm’s reputation.

 

With CPR Insurance Services, we provide our clients with the insurance protection they need, leaving them free to concentrate on their own clients.