Pub chain launches £85m legal claim against Marsh
A prominent pub chain has initiated a legal claim seeking £85 million from insurance broker Marsh. This case holds significant importance for both the insurance and hospitality industries, raising questions about the professional standards brokers must maintain in placing insurance policies.
"The claim will be of interest to both the insurance and hospitality sectors in examining the professional standards brokers should be held to when placing coverage," industry experts commented.
The action underlines the critical role brokers play in safeguarding businesses through appropriate insurance, especially amid increasing risks faced by hospitality operators. Such high-value claims point to potentially serious allegations regarding the broker’s duty and standard of care.
This case highlights the growing scrutiny on insurance brokers’ responsibilities, emphasizing the need for rigorous professional diligence in policy placement within high-risk sectors like hospitality.
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