CHECKLIST OF ISSUES TO REVIEW
FOR LIABILITY INSURANCE
- Is the dollar amount of the coverage sufficient?
- Is the insurer financially strong?
- Are the premium payments competitive?
- Is the deductible too large?
- Does the policy cover bodily injury to customers and guests on the company’s premises?
- Does the policy cover property damage caused by employees and third parties?
- Does the policy cover personal injuries?
- Does the policy cover advertising injury?
- Does the policy cover problems coming from the company’s products, or is a special policy needed?
- Does the insurer have a good history of timely paying claims?
- When does a claim have to be made?
- Are the exclusions ...
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