In this article, Andrew Bowen QC looks at solicitors’ professional indemnity and exclusions clauses through the case of Impact Funding Solutions Ltd v AIG Europe Insurance Ltd [2016] UKSC 57. The specific issue was whether the indemnity insurers were bound to indemnify solicitors liable to reimburse loans made to their clients to pay for disbursements made by those clients.
This article was first published in Greens Business Law Bulletin, Issue 146 (published February 2017) and is reproduced here with the kind permission of W. Green, the Law Publishers.