Product overview: General liability
The concept of pooled risk is well-established, with groups coming together to create funds to compensate members suffering a catastrophic loss as far back as the times of the ancient Babylonian empire. Much may have changed since then but this history means that today’s liability insurance market is stable and mature.
It also has a vital role to play in the economy. “By transferring risk from the balance sheet of a business to the insurer, it supports businesses to grow and develop,” explains
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