Legal teams at nearly half the UK’s largest companies are now responsible for handling or policing their employer’s insurance cover, according to research which underlines the emergence of corporate counsel as corporate risk managers.
The findings come in the latest Legal Week Benchmarker survey of 100 corporate counsel, conducted in association with Kirkpatrick & Lockhart Nicholson Graham. The survey revealed one in four (24%) corporate counsel has responsibility for monitoring and renewing their employers’ insurance programme. In comparison, 27% of finance directors said they take the lead on insurance matters.
