Business interruption insurance claims
In the wake of an incident such as a fire, flood or burglary, your business’s very survival is at risk. You’ll be facing unparalleled challenges at this time. You may have lost your premises, your assets or your stock. There’ll be pressures from your bank, staff, customers and suppliers. Your entire focus must be on safeguarding your business.
Under the terms of your insurance policy, you should be able to claim for business interruption. This will enable you to recover any loss of gross profit you incur as well as any necessary increased costs of working. This is no easy process and adds extra stress.
You may face additional problems. Your policy’s indemnity period may not be sufficient for the time it will take to get your business fully operational. Or you may be under-insured and can’t claim for the full extent of your loss.
For all these reasons, you need an expert commercial loss assessor on your side. Morgan Clark has worked with a wide range of businesses facing disruption following an incident such as a fire or flood. Our advice, help and support has ensured their business survived and they received their full entitlement.
And Morgan Clark are not just loss assessors: our senior management are themselves experienced at running businesses. They appreciate what you face and understand exactly what you need to do to safeguard your business.
Compiling your business interruption insurance claim
We work in partnership with you throughout the claims procedure. We compile a detailed claim for business interruption which accurately calculates your loss of profits. We use our highly-experienced consequential loss accountants who will ensure your claim covers everything you’ve lost – tangible and intangible – in order to predict what you would have achieved over the period the business is affected.
Our highly-experienced professional team will evaluate your total loss, based on the anticipated performance of the business over the period of the claim. This isn’t necessarily based on the turnover you achieved in previous years: it should be based on forecasts of what you would have achieved in the future. We include business trends, seasonality, budget forecasts and increased costs of working to arrive at an accurate and realistic figure.
We use all our experience to mitigate any potential shortfall due to under-insurance. And we expedite your claim to avoid delays due to an insufficient indemnity period in your policy.
In short, we will safeguard your business and ensure its long-term future.
Call now on 0800 0975156 or complete our online enquiry form to arrange a no-obligation consultation.
To find out how we’ve helped other people with business interruption insurance claims, click on one of the case studies on the right of this page.
“Morgan Clark's business interruption specialists guided the senior management through all the possible options for re-instating the business. In particular, they developed different ways to re-structure operations so the group could resume trading quickly.”
Electronics Group, Buncefield
