Griffiths & Armour warns broker PI “not fit for purpose”


Specialist professional indemnity (PI) broker Griffiths & Armour has urged fellow brokers to examine their PI coverage closely. Carl Evans, partner and managing director, at the professional risks division, warned that in some cases: “The products are not really fit for purpose.” The comments follow on from the FCA’s thematic review into insurance intermediaries PI. That review raised concerns around:          Exclusions surrounding the suitability of the insurer          Exclusions around