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A Broker’s Advisory Duty: Ignorance does not excuse everything

June 2011 Stein Monast LLP, Quebec

125057 Canada Inc. v. Rondeau, 2011 QCCS 94

Author(s): Henri Renault

A fire ravaged the premises of Tricots L.G. Ltée (“Tricots”) and the policy limits turned out to be insufficient for the additional rebuilding costs due to regulatory requirements, the value of the inventory, the value of the equipment and the loss of profits.  Tricots blamed its broker for failing in his duty to advise and inform. Read more.

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