Lawyers urge brokers to be vigilant about their own E&O
Law firm RPC has warned brokers to be vigilant about their own errors and omissions, and to stay on top of documentation against a backdrop of customers potentially opting for cheaper, but less protective insurance, in the cost-of-living crisis.
RPC has released its Annual Insurance Review 2023, which outlines some of the challenges that insurers and brokers may face this year.
The review stressed that there was significant uncertainty in 2022 with regards to inflation and the cost-of-living crisis, which has driven customers to shop around for more competitive deals and reconsider essential expenditure.
Senior associate at RPC, Anna Murley stated that the threat of a recession may lead to commercial and personal customers seeking to
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