Broker wipe-out fears fuel Biba liability cap review

Brokers may have to consider putting a limit on their liability with clients, effectively capping their exposure, or face losing their businesses.

As part of its ongoing professional indemnity (PI) initiative, the British Insurance Brokers' Association (Biba) is gauging its members' views on the pros and cons of such a limitation.

Biba said it was concerned that some brokers could go under if they exceeded their PI limit. The association said it was already working with some smaller broker members

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact

You are currently unable to copy this content. Please contact to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: