Insurance Brokers' Liability

The insurance broking market is vast and varied; from brokers serving consumer and SME customers, to truly global brokers advising multi-nationals on highly complex insurance programmes. The mid-market has seen significant consolidation, as well the larger brokers increasing their regional presence to reach SME and mid-sized clients. Personal lines and general insurance brokers face significant challenges from rapid technological advances and commoditisation. Insurance brokers must be true risk professionals/advisors, if they are to continue to add value as trusted insurance advisors to their clients. We have the expertise and resources to support brokers when claims arise.

Overview

Our specialist lawyers defend claims made against all types and sizes of insurance brokers, covering the full spectrum risks, both domestic and international.

Claims often involve chains of brokers spanning multiple jurisdictions and we advise on the respective liabilities between them. Our team also has experience of defending insurance brokers against claims alleging breach of binding authorities or other underwriting agreements.

We have a deep understanding of the broking sector and are ideally placed to advise insurance brokers across the UK. We’ve advised BIBA on brokers’ risk management issues and featured in a range of relevant publications as expert commentators.

We work with the full range of brokers and their PI insurers, including:

  • International and Global Brokers
  • National UK Brokers
  • London Market and Lloyd's Brokers
  • Reinsurance Brokers
  • Personal Lines Brokers
  • Specialist Brokers

As committed specialists, we focus on successful outcomes as well as protecting your brand and reputation. Dedicated relationship partners combined with innovative technology means we deliver incredible support and a proactive approach.

Featured experience

  • Successfully defended the brokers in an £8m claim in the High Court, Synergy Health (UK) Limited v CGU Insurance Plc & Others [2010], which is regularly cited as a leading authority in broker cases.

Insurance Brokers' Liability key contacts

Who we are

Why choose DAC Beachcroft?

We’re a broad-based commercial firm serving a wide range of sectors with a strong heritage in insurance,
health and real estate. We combine excellent legal skills and cutting-edge delivery expertise to design
solutions that fit the needs of our clients – often involving clever uses of technology.