Organisational liability

A broad form of cover with high attachment points for financial businesses such as banks. It covers liability for losses whether arising from professional services or not, unless excluded. The burden is on the insurer to show that an exclusion applies. The exposures include, inter alia, sales practices; anti-competitive practices/price fixing; discrimination; contractual interference; punitive and multiple damages (catastrophe basis); Internet liability. The basket of cover follows the operational risk insurance.