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Duties of insurance brokers

John Virgo (Guildhall Chambers, Broad Street, Bristol BS1 2HG, UK; tel: + 44 (0)117 930 9000; e‐mail: John.Virgo@GuildhallChambers.co.uk)
Philip Ryley (Associate and Head of the Compliance and Training Consultancy at TLT Solicitors, Bristol)

Journal of Financial Regulation and Compliance

ISSN: 1358-1988

Article publication date: 1 June 2004

Abstract

In this brief paper the authors consider the duties owed by professional indemnity insurance brokers to their insured clients. Given the prevalence of claims for financial mis‐selling this is an important issue of concern to all authorised advisers. Any failure to obtain or maintain cover leading to uninsured loss will naturally attract the potential attention of the broker’s own insurers. The authors summarise what the law expects of brokers in standard situations.

Keywords

Citation

Virgo, J. and Ryley, P. (2004), "Duties of insurance brokers", Journal of Financial Regulation and Compliance, Vol. 12 No. 2, pp. 128-131. https://doi.org/10.1108/13581980410810740

Publisher

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Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited