Brokers professional indemnity: Covering your back


As the middle man, the broker has always been near the firing line when a client takes umbrage with their insurer's response to a claim and this proximity to danger has only increased during the economic downturn. For example, in the first three quarters in 2009, Howden Insurance Brokers saw a rise of 12.5% in professional indemnity (PI) claims in comparison with the same period in 2008.

We need to understand the drivers behind this worrying increase and an uncomfortable question must be asked

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