Although there are some individuals who go direct and some companies that will not pay for the introduction of business, most members of the public do not take out a policy directly with a company but use an intermediary in the hope that the firm they employ will search the market availability for a suitably priced product thereby ensuring a better deal. This does however place the onus for obtaining the initial policy and for annual renewals on to a third party which ensures that there is plenty of scope for things to go wrong that can lead to an insurance brokers professional negligence claim for any losses sustained by the client.
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In order to succeed in an insurance brokers professional negligence claim it is necessary to show that there was a duty of care which was breached by a negligent act thereby resulting in a direct financial loss. The normal broker/customer/client relationship is usually sufficient to establish the duty of care. Negligence is defined as a failure to take reasonable care of the interests of a client. Losses that can be claimed in legal action for an insurance brokers professional negligence must be directly attributable to the negligent act and losses cannot be claimed if they are too remote.
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Our civil litigation solicitors represent clients for insurance brokers professional negligence compensation claims using the no win no fee scheme. We do not ask our clients to fund or finance the claim nor are they expected to pay any expenses. We insure against loss and our compensation claims are completely risk free. If you would like free advice from a qualified solicitor, without any further obligation just complete the contact form or use the helpline. Our lawyers will take full details over the phone, before giving an appraisal of the case, an opinion on the chance of success and an estimate of the damages that are likely to be awarded. If you decide to proceed no further you are under no obligation to do so and you will not be charged for our advice.