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Increasing importance of Mitigation Costs cover

This paper considers some of the issues which often arise in relation to mitigation costs cover in the context of Financial Institutions professional liability policies. While still not a standard feature of such policies, cover for the cost of taking steps to mitigate an actual or potential claim is increasingly being offered or requested in this line of business. This is particularly so given the raised profile of this form of cover as a consequence of judicial attention during 2012. As such, this paper is an important read for all those involved in procuring such cover for regulated Financial Institutions.

17.10.2013
Topic Commercial Insurance Solutions

Increasing importance of Mitigation Costs cover
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