Being unable to trade as a result of an insurance claim can be daunting. If trade ceases for a long period of time, customers and contracts may disappear. In a competitive market place, small businesses genuinely suffer with loss of customer base if a commercial claim is prolonged.
As business interruption cover is only based on your business’ accounts you may potentially never obtain a settlement of their true loss.
Insurers can take time to investigate a commercial claim using specialist loss adjusters and investigators. Their priority is reducing the insurer’s liability. Early interim payments are essential to keep cash flowing and the business moving.
As loss assessors, ICS have the professional expertise to move your claim forward without unnecessary confrontation. Once cover has been established, we can provide solutions in the short term whilst your business gets back on its feet. We also understand the details in the business interruption policy, providing you with valuable guidance and expertise.
- Check and validate cover
- Liaise directly with your accountant to assess loss of revenue as calculated by the policy
- Arrange an alternative trading site or system of outsourcing, if viable
- Organise an interim payment based on turnover and gross profit
- Provide a fully quantified contents, stock and fixtures and fittings claim