Cockermouth flood damage highlights consequential losses

With the first anniversary of the Cockermouth flooding at the end of the week, it’s a good moment to consider the devastating effect a flood can have on a business. Many businesses in and around the town were forced to close and some are only just able to open again. So it’s not just short-term trading you have to consider: there is often a serious long-term impact.

The effects of flooding are often long-term: it’s been estimated that it can take as long as two years to fully rebuild your business. Your customers have had to go elsewhere – and they won’t necessarily come back as soon as you resume trading.

It’s vital that the total damage to your business – short-term and long-term – is accurately calculated and presented in your business interruption claim. This is not easy to compile, which is why having experts such as Morgan Clark working with you will help you safeguard your business.

Morgan Clark’s team includes highly-experienced consequential loss accountants who will accurately calculate the full damage to your business if you have to temporarily cease trading following a flood. They can ensure that your complete losses are covered and that you have a solid financial platform for re-launching your business when the time is right.

Find out more by visiting our business interruption section.