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‘Blanket’ broker PI exposure following Covid BI fallout is ‘overhyped’ – Fenchurch Law

By 2020-12-14T08:34:00

blanket exposure, BI, brokers, snow

Following the FCA’s business interruption test case, law firm partner says ‘of course there’s going to be broker exposure’ in relation to professional indemnity claims

As a result of the current industry cauldron bubbling away a concoction derived of a hardening market, the Covid-19 pandemic and a vast number of policyholders facing business interruption (BI) declinatures from insurers, “of course there’s going to be broker exposure” in terms of professional indemnity (PI) claims, said Aaron Le Marquer, partner at Fenchurch Law.

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