Risk management/claims: LMRC-driven limitation of liability guidance published
The British Insurance Brokers' Association (Biba) has published new guidance for brokers to highlight the potential pitfalls associated with limitation of liability clauses.
Facts about limitation of liability, which was driven by Biba's London Market Region Committee (LMRC), aims to clarify the issues surrounding the subject.
The publication outlines the regulatory and legal position as well as providing information on what a limitation of liability clause or agreement may contain.
Graeme Trudgill, technical and corporate affairs executive at Biba, said: "Many professions such as accountants, solicitors, surveyors and architects are doing this already but there are
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