Insurance brokers: scope of duty and liability

In RR Securities Ltd v Towergate Underwriting Group Ltd [2016] EWHC 2653 (QB) HHJ Waksman QC dealt with a largely factual dispute as to the effect of the failure of brokers to advise the assured that the policy contained security requirements and that failure to comply with them would defeat any claim.

The court ruled that, had the assured been informed of the requirements then there would have been a valid claim against the insurers, and on that basis the brokers’ liability was established.