As, risk managers, we often get asked by clients, “what is the appropriate period to retain insurance policies” - the easy answer is “forever”... You are probably thinking that guidance seems a bit excessive, however quite a few types of policies, such as commercial general liability, may be triggered long after the policy has expired and thus should not be discarded but rather meticulously tracked.
How Long Should you Keep your Insurance Policies?
Posted by
The ALS Group on Sep 14, 2021 3:08:08 PM
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Topics: Total Cost of Risk, risk transfer, Insurance policies, Schedule of Insurance