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Implications of coronavirus (COVID-19) for brokers’ professional indemnity insurance

Implications of coronavirus (COVID-19) for brokers’ professional indemnity insurance

Published on: 15 May 2020

Published by: LexisPSL

Implications of coronavirus (COVID-19) for brokers’ professional indemnity insurance
What risks do insurance brokers face in relation to (lack of) cover offered?
Can brokers take comfort in light of insurers’ assertions that business interruption (BI) does not cover pandemics, rather it is intended for infectious diseases, such as legionnaires?
What practical guidance can be offered to brokers for new/renewing business?

Article summary

Insurance & Reinsurance: Alaina Wadsworth and Sophie Newman, partner and associate respectively at CMS, discuss the implications of the coronavirus (COVID-19) pandemic on insurance brokers' professional indemnity insurance. Sign in or take a trial to read the full analysis.

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