The frequency of litigations and the legal judgements granted in the last years have become increasing risk concerns for the business owner or manager. Determining the adequate liability amount and coverage that will best respond to your business risks is becoming a very important issue for the manager.
As opposed to a property loss where estimating the financial loss is easier to quantify, determining your liability coverage is much more difficult. You must take into considerations changes in courts and judgments rendered, as well as changes in the public opinions with respect to the damage claims in your business sector. One must also take into account the increasing costs for defence, investigation, trial and interests judgements awarded by the courts.