Failing to identify and mitigate a risk can be an expensive mistake, no matter what the size of the business. And something mid-market brokers should be as much aware off as their corporate equivalents.
“Ignorance is no defence,” says Ashwin Mistry, executive chairman at Brokerbility and BHIB Insurance Brokers. “If they fail to meet their legal requirements, they will be treated exactly the same by the courts as a firm that knowingly cut corners.”
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