Checklist of Issues to Review for Liability Insurance

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This is a checklist of key issues for a business to review in analyzing the terms and conditions of a Liability Insurance policy.

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CHECKLIST OF ISSUES TO REVIEW
FOR LIABILITY INSURANCE

  1. Is the dollar amount of the coverage sufficient?
  2. Is the insurer financially strong?
  3. Are the premium payments competitive?
  4. Is the deductible too large?
  5. Does the policy cover bodily injury to customers and guests on the company’s premises?
  6. Does the policy cover property damage caused by employees and third parties?
  7. Does the policy cover personal injuries?
  8. Does the policy cover advertising injury?
  9. Does the policy cover problems coming from the company’s products, or is a special policy needed?
  10. Does the insurer have a good history of timely paying claims?
  11. When does a claim have to be made?
  12. Are the exclusions ...

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