Insurance brokers traditionally act as an agent of their client and therefore have a legal obligation to act in their client’s best interests. Sometimes brokers enter into agreements with insurers to issue policies on their behalf and under such binding agreements the broker is acting as an agent of the insurer and therefore owes their legal duty of care to their principal, the insurer. Be sure you understand who your broker is working for and be wary of insurance brokers acting as an agent of the insurer, it can make the world of difference should a claim arise.

 
 

BOVILL RISK & INSURANCE CONSULTANTS

Specialist Insurance Brokers