The duty to provide proper advice

Arbory Group Ltd v West Craven Insurance Services [2007] Lloyd’s Rep IR 491, a decision of HHJ Grenfell QC in the Leeds District Registry of the Queen’s Bench Division, concerned an assured under a business interruption policy who had, due to the alleged failure of his broker to provide proper advice, taken out a policy which was not sufficient to prevent his business from going under. The main question in Arbory was whether the broker could be liable not just for the lost policy proceeds, but also for future loss of profit.