Brokers express fears over PI claims confusion

Brokers have expressed concern that they could be open to large professional indemnity (PI) claims due to the confusion surrounding how and when it is acceptable for a broker to take over another broker's client.

This concern follows on as a result of Insurance Age's front cover story last month which highlighted the high level of uncertainty around letters of appointment. There are currently no Association of British Insurers guidelines on this matter, although the British Insurance Brokers'