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Limitation of liability clauses

As the economic and regulatory landscape becomes ever more complex, those in the financial sector, such as investment managers, are becoming increasingly reliant on specialist external financial service providers to carry out their functions. It is therefore important that they inform themselves of the insurance implications of limitation of liability clauses.

This technical update from Liberty explores how limitation of liability clauses operate in the financial services industry and the effect they can have on an insured's professional indemnity insurance.

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Technical update - Limitation of liability clauses

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Liberty International Underwriters, known also as LIU or Liberty, is a trading name of Liberty Mutual Insurance Company (ABN 61 086 083 605) incorporated in Massachusetts, USA (the liability of members is limited); Liberty International Underwriters Limited (No. 2400200), incorporated in Hong Kong and Liberty International Underwriters Pte Limited (UEN 201538069C), incorporated in Singapore with a branch in Labuan (Reg. No. LF12903), licensed to carry on general insurance business under the Labuan Financial Services and Securities Act 2010, Lic. No. IS2016162 (together LIU).

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