Injury claims represent largest claims and costs for liability insurance

The report revealed that the cost of premiums for business liability insurance used by a wide range of businesses had increased by 2% from 2019 to 2020.

The report revealed that the cost of premiums for business liability insurance used by a wide range of businesses had increased by 2% from 2019 to 2020.

Injury claims represent the largest number of claims and costs for employers’ liability and public liability insurance, showed a report released by the Central Bank today. 

From 2015 to 2020, injury claims represented 68% of claimants and 92% of settlement costs.