Biba offers brokers aid in light of claims pitfall

Increasing numbers of brokers are having their professional indemnity (PI) claims rejected as a number of PI insurers and underwriters seek to avoid liability on brokers' negligence claims.

The British Insurance Brokers' Association (Biba) has received numerous complaints claiming that some insurers are refusing to accept notification of circumstances that may give rise to a claim, while also requiring unreasonable levels of detail before accepting a notification.

Biba said it was also

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