Those who sell policies on behalf of insurance companies are often pretty relaxed about their responsibilities to their clients often not realising that they can be held liable for the payment of substantial sums in the event of losses following an insurance brokers professional negligence. Although there are some individuals who prefer to go direct and some insurers who will not appoint brokers most policies of insurance go through the intermediary of an insurance broker.
SOLICITORS HELPLINE 0845 180 1888
^^ back to the topTo succeed in a claim for insurance brokers professional negligence it is initially necessary to establish that there is an implied duty of care which is normally satisfied by the usual customer relationship. Thereafter it must be proved that the insurance broker has failed to use a reasonable degree of skill and care in the conduct of business which has resulted in a direct loss to the customer.
SOLICITORS HELPLINE 0845 180 1888
^^ back to the topThere are a surprising number of ways in which insurance brokers professional negligence can arise but the most common issue relates to failure to renew a policy of insurance after it has expired contrary to the wishes of the policy holder. There is however a more invidious aspect of insurance brokers professional negligence which is due to miss selling of an unsuitable policy which is not adequate for the customers needs based on the level of commission received by the insurance broker upon sale. The level of commission paid by insurance companies to brokers varies substantially and selling policies of insurance simply by reference to the amount of commission paid is not an uncommon event.
SOLICITORS HELPLINE 0845 180 1888
^^ back to the topIf you believe that you may have a claim for compensation for insurance brokers professional negligence we may be able to assist you. Just complete the contact form or email and a specialist solicitor will speak to you on the phone with no charge and no further obligation. In those matters which are able to proceed we may be able to offer the no win no fee scheme.