Broad Reading of Exclusion Clause Overturns Award of Damages
/Impact Funding Solutions Ltd v AIG Europe Insurance Ltd [2016] UKSC 57
This case considers the interpretation of the trading debt exclusion in a solicitor’s professional indemnity policy. The UKSC made two useful findings. First, the majority held that the Trading Debt exclusion defined the cover provided by the policy and therefore should not be construed narrowly. Secondly, the majority held that the Trading Debt exclusion would apply to a claim arising out of a breach of contract to provide services to the solicitors, even if the claim arose from a breach of the solicitor’s duty to their clients.
Read More


















