Corporate Insurance Partner - Liability

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Liability

Human error, mechanical failure, accidents – unforeseeable events that trigger liability claims can never be entirely ruled out. Manufacturers and service providers of all kinds can face substantial indemnity risks. We are specialised in delivering tailored solutions to complex and individual liability risk scenarios.

Liability risks are an unavoidable part of doing business. In many industries, liability risk scenarios have become extremely multifaceted and challenging to assess – a trend that is continuing.

However, these risks should not pose an obstacle to business success: an experienced partner with a deep understanding of the challenges you face can deliver the support you need. In close cooperation with clients, we are well experienced to write and handle coverages for required liability risk scenarios.

5 reasons you should consider talking to us:

1. Your business is potentially liable for personal injury or property damage.

Our main focus is public and product liability insurance. Depending on your risk  appetite and limits insured, we support various programme structures. We believe in strong partnerships, so we also consider long-term agreements.

Rely on us as a strong insurance partner: Talk to us.

2. You are looking for other coverages such as product recall and environmental liability.

In an ever faster and complex world, product recalls impact financial results tremendously. Increasing environmental exposures are another great challenge for our clients. We offers custom-tailored solutions that help respond to these risks.

Find an experienced partner to cover complex product recall and environmental liability: Talk to us.

3. You are either a global player or a national champion within your industry.

As a market or segment leader in your business you could benefit from our long track record of participation in numerous industries which enables us to understand your specific and global risk exposures. We are capable of delivering solutions in order to promote your company’s strategic plans.

Work with an insurance partner who truly understands your industry and your needs: Talk to us.

4. You want to enhance your risk management’s value within your group.

Our liability experts’ approach is to understand your risks in-depth and help to protect against business litigation relating to personal injury and third-party damage. We have access to the expertise of our in-house risk-engineering services with available loss-analysis data, and expert knowledge of emerging developments.

Leverage your risk management’s value: Talk to us.

5. You want to challenge our underwriters.

Our dedicated, experienced underwriting teams have a market-leading level of liability insurance experience. We provide substantial capacity through both retail and wholesale distribution channels, directly or via a captive ‒ worldwide. We offer local underwriting support in Munich, London, Paris, New York, Chicago and Singapore.

Challenge us: Talk to us.

Overview

Products offered:
  • Public liability
  • Product liability
  • Product recall
  • Environmental liability
Products out of scope:
  • Motor liability
  • Aviation product liability
  • Marine liability
  • Patent infringement
  • Worker’s compensation
Type of participation:
  • Excess
  • On market standards or bespoke wordings
  • Coinsurance or 100% layers
  • Worldwide coverage for domestic and global risks
Attachment point: Worldwide excl. North America:
Minimum €10m depending on industry

USA:
Minimum US$ 100m (US offshore placements)
Minimum US$ 50m (US onshore placements)

Canada:
Minimum Can$ 25m depending on industry
Industries covered:
  • Automotive
  • Chemical
  • Construction
  • Food
  • Hospitality/entertainment
  • Media
  • Mining
  • Oil & Gas
  • Other manufacturing industries
  • Pharma/bio-and life sciences are of interest outside North America only
  • Railway/transportation
  • Real estate
  • Retail/wholesale
  • Telecom
  • Utilities
  No appetite for tobacco, hospitals, medical centres, medical malpractice, blood banks, blood products, fire arms, bomb manufacturing, or asbestos-related cover.

Please contact us to discuss your specific situation. We look forward to speaking with you about a solution that is tailored to your risk situation.

Specialty

Risks faced by professional and financial institutions remain complex and ever-changing. We offer coverage solutions that are fit-for-purpose.

Related topics

Contact

Lucas Beckmann

lbeckmann@munichre.com


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This publication is available exclusively to Munich Re clients. Please contact your Client Manager.