Managing Liability Risks
A liability risk survey involves the analysis, through interviews and review of documents, of the company's key liability risks. The liability risk survey can cover all of the company's liability risks or only those of agreed sectors. The tool used is the If Liability Navigator.
General Liability risk
General Liability risk refers to the risk of the company's operations causing damage to the company's employees, contractual parties or third parties.
Product Liability risk
Product Liability risk refers to the risk of a product launched by the company causing damage to a person or to other property.
Contractual risk refers to the risk of contracts not being fulfilled properly or within the agreed time limit, which can result in losses and other consequences for the company.
The survey may also focus on the liability of the service provider, environmental liability, liability for the breach of an intangible right and Directors' and Officers' liability.