In New York, when an insurance broker fails to procure the insurance coverage requested of them, or gives incorrect information regarding the availability of coverage, that insurance broker may be liable in the event of an uncovered loss. The laws pertaining to “Failure to Procure” or “Negligence in a Special Relationship” can, in many instances, require the insurance broker to pay for an uncovered loss.
The Long Island lawyers at Greenblatt Agulnick, have a successful history of recovering money where an insurance broker has been negligent in their responsibilities. In other words, the broker can be required to cover your loss in a similar manner to the way an insurance company would. At the law firm of Greenblatt Agulnick, our goal is to obtain the maximum recovery in cases throughout New York where an insurance broker is negligent and as a result, you are left uninsured or underinsured for a particular loss.
We rely upon the latest case law and legal theory as we prosecute cases involving failure to procure or negligence in a special relationship causes of action against insurance brokers. Call us today. The litigation of an action against an insurance broker involves a combination of a common law negligence case with an action involving what amounts to an insurance claim. Significantly, the 2013 Court of Appeals has even held in American Building Supply Corp. v. Petrocelli Group that a policyholder’s failure to review the policy prior to the loss is not an absolute defense to liability. This provides recourse to those countless policyholders that merely file their policy away, believing their insurance broker has acted properly.