If you suffer a fire in your business premises and you’re under-insured , then you could face severe difficulties with your insurance claim. One businessman in Hampshire whose restaurants and flats were gutted by fire discovered he did not have sufficient insurance to cover his losses. It was only by bringing in Morgan Clark to manage his claim that he was able to find a satisfactory conclusion to an extremely complex insurance claim.
Morgan Clark worked closely with the client, Ferido Panjgani, to find the best way forward within the limits of his under-insurance, and in the end achieved a satisfactory settlement. According to Mr Panjgani, “Dealing with an insurance claim is so difficult. When it happened I felt so lonely and was so worried about whether I would receive an insurance payment. Morgan Clark made all the difference.”
Phil Morgan, Director of Morgan Clark, would advise companies to check their insurance cover annually: “It’s very easy to renew your insurance each year without considering whether there have been any changes in your business circumstances. So we would advise that you carry out a review on an annual basis to make sure you have sufficient cover. But if you suffer a disaster such as a flood or fire and discover that you are under-insured, then Morgan Clark will ensure you receive the best settlement possible in these difficult circumstances.”
You can read more about Mr Panjgani’s experiences by visiting our business fire insurance claim section and clicking on the relevant case study.