Brokers warned of the dangers of underinsurance following Ogden change

liability-focus

Miles Smith has launched a facility advising brokers and clients to look at their liability limits following the change to the Ogden rate.

The wholesale broker sent out a brochure to its 1,200 brokers as well as its direct clients, highlighting the importance of increasing their limits of indemnity to cover the exposure of the Ogden rate.

“It’s not just about premiums, it’s not just about rates, it’s about protecting the customers’ business,” said Sharon Brown, group distribution and marketing

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