Lawyer slams UK cost of PI
The UK’s “gold plating” of the EU’s Insurance Mediation Directive could add substantially to brokers' and other intermediaries' professional indemnity costs, warned law firm Reynolds Porter Chamberlain today.
According to RPC, the FSA rules and guidance mean that professional indemnity insurance will have to extend to cover claims that result from the dishonesty and fraud of employees. However, the EUOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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