Common $1M liability coverage not enough this day and age

Posted February 6, 2020
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Thomson Rogers partners Darcy Merkur and Ian Furlong were quoted in a recent Law Times article “Common $1M liability coverage not enough this day and age: lawyer” by Mallory Hendry discussing insurance companies needing to do a better job informing clients about liability coverage.

Thomson Rogers partner Darcy Merkur says,

In the right case, we would absolutely pursue a broker for giving bad advice, especially in this day and age.

Darcy continues to explain that the legal community has been working to “raise the ante” by pursuing brokers selling $1-million liability policies to people who do not recognize that $1-million is simply not enough to protect them against liability in a serious accident.

Thomson Rogers partner Ian Furlong says:

The insurer has all the knowledge. I do think, in that context, given that the insurer has a duty of good faith to its insured, that there is an obligation to tell the insured about optional benefits and what it would cost to increase third-party insurance limits.

Read the full article here.

Darcy Merkur can be reached at 416-868-3176 or by EMAIL.

Ian Furlong can be reached at 416-868-3226 or by EMAIL.