The process of a commercial insurance claim depends on many factors, not least, which industry the business is in and how much damage it has sustained. In order to advise business owners about the likely process they face, we recommend a free, no obligation consultation with one of our experienced commercial Loss Assessors. A commercial insurance claim is likely to involve the following elements, each of which is the responsibility of the business owner or their Loss Assessor should they choose to appoint one.
Building Claim
This will be handled by your Landlord if you are not responsible for insuring the building |
- Arrange emergency works e.g. electrical safety, temporary roofing
- Instruct your Surveyor to prepare
the specification for rebuilding
- Obtain tenders and evaluate costs
- Arrange building works
- Discuss incorporating improvements and alterations
- Prepare and submit detailed quantified claim
Agree Settlement
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Stock, Machinery
and Contents Claim |
- Manage cleaning, restoration or replacement of your stock, machinery and contents
- Prepare a detailed inventory of stock, machinery, contents and obtain costs of replacement
- Prepare and submit detailed quantified claim
Agree Settlement
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Claim
Business interruption |
- Analyse historical and projected sales data and formulate a claim for loss of profit ensuring that positive factors, such as growth trends and seasonality are taken into account
- Secure periodic and regular interim funding to generate
and maintain turnover and support continuity of business
- Assist in locating and setting up temporary trading premises
- Continually monitor performance of business to identify any shortfall during indemnity period
- Prepare and submit detailed quantified claim
Agree Settlement
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For a more in depth explanation of the insurance claim process, please read one of our thorough insurance claim guides.
