Arbory Group Ltd v West Craven[1] Insurance Services. QBD (Leeds). 13 March 2007
A company that had been underinsured for business interruption as a result of an insurance broker’s negligent advice was entitled to recover a shortfall in payment and damages for loss of profits. The duty of the insurance broker, in the circumstances, was to effect such cover that would have enabled the business of the company, as a whole, to recover to its pre-incident level of profitability, and it was reasonably foreseeable that failure to effect sufficient cover was liable adversely to affect the profitability of the business. Judgment for claimant.
[1] Not “Wes Craven”, as I first read it…
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