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Underwriting Liability Insurance: an overview


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Underwriting Liability Insurance: an overview

  1. 1. Underwriting Liability Insurance General Overview
  2. 2. U/W Consideration
  3. 3. The Insured
  4. 4. Occupation
  5. 5. The Premises
  6. 6. The Premises
  7. 7. Custody or control of Property
  8. 8. Work Away
  9. 9. Emissions
  10. 10. Customers
  11. 11. Processes <ul><li>What kind of risk exposures arises from business process? </li></ul><ul><li>Use of chemicals and hazardous substances </li></ul><ul><li>The insured health and safety records </li></ul><ul><li>Dealing with by-products and trade waste </li></ul><ul><li>Initial manufacturing or assembly work on other companies products? </li></ul><ul><li>Source of raw materials </li></ul><ul><li>Extent of any design work </li></ul>
  12. 12. Products <ul><li>What the product is for? </li></ul><ul><li>Products that are consumed </li></ul><ul><li>Safety critical products </li></ul><ul><li>Complex products </li></ul><ul><li>Testing equipments </li></ul><ul><li>Packaging, labelling, brochures, etc </li></ul><ul><li>Discontinued hazardous products </li></ul>
  13. 13. Products <ul><li>Other factors to be considered: </li></ul><ul><li>Number of people or the scale of property affected </li></ul><ul><li>Secondary reliance on the product </li></ul><ul><li>What else the end user may do with the product </li></ul><ul><li>The design risk </li></ul>
  14. 14. FINISH