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

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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

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