The concept of law lies at the heart of our social, political and business life.
Businesses and individuals alike have a daily interaction with the law, whether it be driving to work, signing a supply agreement or providing a safe work environment for their employees. However, the law and liability is an inherently complex landscape.
As a business, or an individual, you can face liability exposures from multiple sources, whether it be in:
- Tort – a civil wrong for which the law imposes liability;
- Contract – a private agreement or bargain whose terms the law will enforce; or
- Statute – imposed civil liability where none would exist in tort or contract.
Insurance plays an important role in navigating the ever-increasing compliance and regulatory business environment. Appreciating the consequences of your liability exposure is paramount however, this is becoming more difficult for businesses as the environments in which they trade continue to evolve.
Equally, articulating the extent of insurance coverage is a common complaint. The insured often realises too late that their coverage isn’t sufficient to meet the changing legislative and legal environment.
Long Burroughs continuously monitors the effects of changing legislation so that we provide our clients with proactive advice on how regulatory change can have an impact on you or your business.
Sound risk advice is important, to ensure a fit for purpose liability programme, however the variety of terms offered can actually be a source of confusion as not all policies are created equal, nor do they cover every liability exposure.
The team at Long Burroughs are experienced in all forms of liability insurance having advised publically listed businesses, private businesses, co-operatives, professional firms, financial institutions and individuals in all aspects of liability insurance.
We have expertise in:
- Directors’ & Officers’
- Professional Indemnity;
- Cyber Liability;
- Public & Products Liability;
- Statutory Liability;
- Employer’s Liability;
- Trustee’s Liability; and
- Crime & Fidelity
- Prospectus Liability;
- Environmental Impairment;
We provide black and white advice to an area of insurance which is fluid in order to eliminate any grey areas, allowing you to develop a full understanding of your risk exposures and the role of your liability insurance programme.