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 generally suffer from a loss of business if a commercial claim is prolonged.
As business interruption cover is only based on your business’s accounts, you may potentially never recover your true loss.
How Does A Loss Assessor Help With A Commercial Insurance Claim?
Insurers can take time to investigate a commercial claim using specialist loss adjusters and investigators. Their priority is reducing the insurer’s liability. Our claims team will work quickly to try and secure an interim payment for your business. 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 all the details in the business interruption policy. Using that understanding, we provide you with valuable guidance and expertise throughout the insurance claims process.
No matter the circumstances, we’ve helped business owners of all sizes to get the best settlement possible on their insurance policies. We’ve dealt with claims for a variety of business interruption scenarios. Due to our years of experience we are not phased by potentially lengthy and complex claims.
We’re based in Brighton and offer our loss assessor services to businesses across the UK.
Commercial Insurance Loss Assessor in Brighton & London
Insurance Claims Solutions (ICS) are authorised and regulated by the financial conduct authority. Unlike the insurance company appointed loss adjuster, we represent your interests only and not those of the insurance company.
Looking For Help With Your Business Insurance?
Looking to make a business insurance claim?
Worried that your commercial insurance claim settlement is too low?
Insurance company rejecting your claim?
It’s time to appoint a loss assessor who will:
- Check and validate cover
- Liaise directly with your accountant to assess loss of revenue as calculated by the policy
- Assess each claim’s chances for success
- Arrange an alternative trading site or system of outsourcing, if viable
- Organise an interim payment based on turnover and gross profit
- Organise emergency repairs to commercial property
- Secure your business premises
- Provide a fully quantified contents, stock and fixtures and fittings claim
If you have a claim or would like to speak to someone, please complete the form below and we will aim to get back to you within 2 hours.
Or Call us on 01273 573888
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Frequently Asked Questions
How do business insurance claims work?
Commercial insurance policies cover a business from insured damage. They can also cover commercial properties or the interruption of your regular business activities.
What is covered by business insurance?
Different commercial insurance policies will cover different things. However, a good business insurance plan will cover public liability, employers’ liability, professional indemnity costs, business legal expenses, commercial property damage, damage to goods in transit, and periods of business interruption.
What is the first step in any claims settlement process?
The first step if to determine exactly what damages you are claiming for and what the causes were. Insurers will hold you to your initial account so it’s important to be thorough, accurate and truthful.
How is a commercial claim different from a personal home insurance claim?
Commercial claims are typically more complex, since they often involve multiple elements at once, property damage, stock and contents, lost trading income, and sometimes third-party or employee liability, all needing to be assessed and negotiated together. Insurers also tend to appoint specialist loss adjusters and investigators for business claims, and their priority is reducing the insurer’s liability, not your business’s recovery.
Can I get an interim payment while my business claim is being assessed?
Often, yes. Early interim payments are essential to keep cash flowing and the business moving while the full claim is investigated and settled. We work to secure these as early as possible, based on your turnover and gross profit figures, rather than waiting for the entire claim to be finalised before any money reaches you.
What happens if my business can't trade at all during the claim?
This is exactly what business interruption cover is designed for, though because it’s calculated from your business’s accounts, there’s a real risk of it not reflecting your true loss if it isn’t presented correctly from the outset. We liaise directly with your accountant to make sure the loss of revenue is calculated properly, and can help arrange an alternative trading site or outsourcing arrangement if that’s viable for your business.
Do I need a loss assessor if my accountant is already handling the business interruption figures?
Your accountant is essential for the figures, but a loss assessor’s role is different: we negotiate the claim itself with the insurer or their appointed loss adjuster, on your behalf. Your accountant and our team work alongside each other, not in place of one another, so you get both accurate figures and someone actively fighting for the settlement you’re owed.