White Paper

Financial Lines Exposures Are Shifting. Insureds Need a Product Suited to Their Evolving Needs

Today’s risk environment demands financial lines products tailored to today’s complex exposures.

White Paper Summary

Many different risks keep business leaders up at night. Some might worry about business revenue or stock performance. Others might have concerns about their property exposures.

Close to the top of that list? Financial lines exposures. Since 2020, management liability exposures have changed substantially. In part, these shifting exposures are the result of the pandemic and the unstable labor market it created.

COVID contributed to layoffs, supply chain issues and employment shortages, though it’s not the only factor leading to an increase in employment practices liability (EPL) exposures. New environmental, sustainability and governance (ESG) regulations and diversity, equity and inclusion risks are prevalent too.

“In 2020, we started seeing a lot of different risk factors that we haven’t seen before,” said Michael Englert, senior vice president and head of private/non-profit financial lines at Liberty Mutual. “It’s driven a rethink in how we shape our policies to respond to today’s complex exposures.” Indeed, carriers that listen and respond to the concerns of brokers and clients by creating policies built for today’s evolving risks will be more important than ever.

To learn more about Liberty Mutual Insurance, please visit their website.

Liberty Mutual Insurance offers a wide range of insurance products and services, including general liability, property, commercial automobile, excess casualty and workers compensation.

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