Business Theft Claims   |   Business Flood Insurance Claims

Business Fire Insurance Claims

Making Insurance Claims for Business.

Any business may find itself at some point subject to loss or damage of property through fire, theft, storm or flood - and the time spent clearing up the mess and returning to normal trading is just one expense you will incur. You may even need to relocate. So long as it can be shown to be economic, your business interruption cover will be there to help you - if you know how to use it.

Business theft insurance claims

Every year, large numbers of businesses find themselves having to make insurance claims due to theft. As well as loss of money or goods, thefts often involve damage to property and interruption to the running of the business. To ensure your business receives enough money to cover the cost of all of these issues, it is vital that you use an insurance loss assessor when making an insurance claim for business theft.

Business flood insurance claims

Flooding has become a major problem in the UK in recent years. Floods can cause huge amounts of damage to property and stock, and can bring the daily running of your business to a standstill. If you need to make a business insurance claim for flood damage, loss assessors can help you to make sure your settlement satisfactorily covers the costs the flooding has caused your business.

Claiming effectively on your business interruption insurance cover

Your company plant / office cannot afford to just close down after loss or damage - it is important that you utilise your business interruption cover to maximum effect.

We can give you advice to follow in the period after the incident; tips such as paying an outside contractor to do the clean up so you can reclaim the expense more easily - infinitely preferable to asking your own team to engage in clearing up. Think about it - you will be paying your staff whatever they do in the aftermath of a disaster. It is better that you keep working at your business and pay cleaners to clean.

Claiming for your business data recovery

Another big problem for business these days is data recovery - you should ensure you are covered if you have large amounts of data on the premises, and you should ensure key data is backed up and kept safe. Remember to check your policy conditions - you might find you have to face even more serious consequences if you fail to comply with your insurance policy conditions.

The best procedure to follow after an incident and when making your claim:

When the worst comes to the worst and you find yourself having make a business interruption claim, we suggest you follow this procedure:

  1. Engage the services of an independent insurance loss assessor such as Truman Associates - they will ensure you get the strongest possible representation with your insurance company, and maximise your entitlement under the terms and conditions of your particular policy.
  2. Read the small print on your insurance policy carefully - ideally you should check this information before the damage occurs so you know you are properly covered.
  3. Now call the appropriate insurance company - it may be faster and more cost-effective to do all this over the phone rather than filling in forms and faxing or posting them. Or better still - have your assessor make contact.
  4. You should make your claim as soon as you can after the incident - there may be a lot of paperwork to collate, including receipts, replacement estimates, repair costs, cost of business interruption. Your insurance company may insist you use their own preferred suppliers for repairs and replacements, you should check the details on your insurance policy.
  5. If your loss is the result of criminal action, you should report to the police and obtain a crime reference number.

If you need to make an insurance claim, whether it be on your personal or business insurance, it is strongly recommended that you contact Truman Associates insurance claims assessors at an early stage.

One of our insurance loss assessors will be happy to help you - call us now on 0800 542 1616.

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