What does 'consent to settle' primarily relate to?

'Consent to settle' primarily relates to professional liability because it pertains to the agreement between the insurer and the insured regarding the settlement of claims. In the context of professional liability insurance, policyholders often have a significant interest in controlling the outcomes of claims made against them, as these can impact their professional reputation and career. The consent to settle clause typically requires that the insurer obtain the policyholder's approval before settling a claim, thus giving the insured a voice in the resolution process. This feature is particularly important in professional liability cases, where mere allegations can have serious consequences for the professional involved.

In contrast, while fire insurance, property damage, and health insurance may have their own settlement processes, they do not usually emphasize the consent aspect to the same extent as professional liability policies.