This Practice Note outlines the characteristic features of liability insurance and different types of liability insurance available. It also examines the scope of cover under liability policies and provides guidance regarding ascertainment of liabilities and the reasonableness of loss settlements, together with guidance on common issues that arise in relation to liability insurance, including joint and composite insurance and the application of the Third Parties (Rights Against Insurers) Act 2010.
This Practice Note provides guidance on notification provisions in liability insurance policies. It explains the purpose of notification clauses and provides guidance on how to notify claims or circumstances to insurers, including what to notify and when. It also provides guidance as to the potential consequences if a notification requirement is not complied with properly. This Practice Note also provides guidance on the rights and obligations of insurers and insureds in relation to the insured’s duty to mitigate its losses and on the defence and settlement of claims.
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