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Improved risk management in the workplace is reducing employers? liability insurance costs for many businesses, according to an Association of British Insurers (ABI) survey of its member companies. ABI says the rate of the average liability premium has 'fallen significantly' compared with two years ago. 'There are encouraging signs that ...premium increases of the last couple of years and better risk management are starting to ease the pressure on the liability insurance market,' said Nick Starling, the ABI?s director of general insurance. 'Firms that manage their risks effectively will face lower insurance costs.' He said:'We need a cost-effective, streamlined system to ensure that fair compensation gets to the right people as quickly as possible.' |
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