Taking a look at your premises and operations liability exposure

When reviewing your organization's loss exposure it's a good idea to have an idea as to what your premises liability and operations loss exposure is. This exposure is the possibility that your organization will be held liable due to bodily injury or property damage caused by either an accident occurring on your premises or an accident occurring away for your premises arising out of your organization's ongoing operations. A couple examples would be if a customer or visitor slips and falls due to either a slippery surface or uneven stairs, or if a customer's truck is damaged while being loaded by one of your forklifts. The organization's liability is usually based upon their supposed negligence. Let's face it, in today's legal climate the degree of care is just about always going to be in your lap and not due to a lack of care on the part of a customer/client. When doing an in depth exposure review, this area is usually the best place to start.

Comments

  1. Unknown1:47 PM

    Great article!

    Daniel Still
    e-Insurance Corp

    ReplyDelete
  2. Anonymous5:26 PM

    Great information. From my experience many businesses both small and large do not take into consideration their liability risk. For bigger companies the employees don't care and for the smaller ones they do not think it will happen to them. I read your blog on a regular basis.

    ReplyDelete

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