The most challenging part of quantifying business interruption claims is proving how you would have fared if the incident had not occurred.
This involves reviewing your company’s historic performance and anything else that could have influenced trade. The performance of the market in your industry needs to be examined, as do factors such as a new competitor emerging, or an existing one disappearing.
Why Use Us
We have the most experienced team of business interruption experts in the UK who specialise in large and complex claims. This includes chartered accountants who are based in house.
Although business interruption claims are not simple, the loss adjusters and forensic accountants appointed by insurers often present them in a way that makes them more complex. Our team has the skills and knowledge necessary to work through such complexities.
We will take an active role in reducing the impact the incident has on your business, so you can recover as soon as possible.
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How We Can Help You
Business interruption insurance claims often have grey areas which can make it hard to get proper compensation.
We will use our knowledge to spot opportunities you are likely to miss and will go beyond helping you recover the losses you have suffered. We will give a true account of the losses you have suffered and present the facts of your case in a way that maximises the opportunities available under the terms of the policy.
We will identify the important issues which need focusing on and will advise you on mitigating any further losses.
In addition to this, our services also include:
- Helping you locate appropriate temporary premises.
- Helping you look at alternative sub-contracting arrangements.
- Recommending temporary options for machinery in circumstances where permanent replacements have a long lead time.
Communicating with Staff and Stakeholders
One of the most urgent problems policyholders face following a major incident is communicating with staff who want to know their jobs are safe and they will still be paid. We will help you respond to such questions, which don’t always have a straightforward answer. We will help you reassure employees about the future of your business without compromising your position with your insurers.
Likewise, we can attend meetings with bankers and any funders who are worried about the security of their investment in your business. They will want to know the likelihood of a successful outcome from your insurance claim. We can also advise you on how to deal with the press, including what statements should be made by employees and other stakeholders.
A result far greater than I think we would have otherwise achieved
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Your attention to detail, determination and resilience guaranteed a result far greater than I think we would have otherwise achieved.