Effects of flooding are long term

September 24, 2010 8:45 am

Recent heavy rain has brought back memories of the flash floods which devastated areas of the UK recently. If your business premises have been flooded, it’s not just a case of waiting until the waters recede and then business can return to normal.

The effects can last far longer than you anticipate: it’s been estimated it can take as long as two years to fully re-build a client base. In the meantime, your customers have had to go elsewhere and will not necessarily return immediately after you resume trading.

What’s vital is that the damage to your business is accurately calculated and included in your business interruption claim, as part of your consequential loss. Your insurance policy should cover you for all your consequential losses as a result of the flooding.

Calculating this is not straightforward, and your insurer’s loss adjuster will not do this for you. This is why it’s important to use experts to calculate and compile your claim.

Morgan Clark are specialists in managing commercial claims following fire or flood. One of the UK’s leading firms of loss assessors, our team includes highly-experienced consequential loss accountants who can accurately calculate the real long-term impact on your business and ensure you receive the compensation you deserve.

To find out how you can mitigate the effects of a disaster, contact Morgan Clark today.