Loss Recovery Insurance
Our commercial loss recovery product not only provides insurance to assist a client who has suffered a major loss but also includes a holistic package of support for business owners and their employees.
The package is intended to complement and enhance your existing claims service providing immediate access to professionals with clients receiving 100% of any settlement. Our innovative "acceptance of liability" cover gives you and your client that added peace of mind in knowing that should an insurer be unreasonable then there is another route to consider.
In the event of a claim we will instruct claim experts from a selected panel of experienced and fully qualified professionals. Subject to agreeing terms, we can also appoint an expert of your choice or even utilise your own in-house expertise.
- Professionally qualified Claims Assessors and Chartered Loss Adjusters
- Building claims & project management by Chartered Surveyors
- Chartered accountants to handle business interruption claims
- Experienced settlement negotiators
Benefits & Features
Our policies are full of features and benefits that have been designed to help you enhance your offering whist at the same time providing practical support to assist your business.
- £100,000 of claims expert fees covering professional fees of assessors, adjusters, surveyors, accountants and negotiators.
- Acceptance of liability cover – We will incur legal costs in respect of a dispute related to the acceptance of liability under the client’s property policy.
- Specialist forensic accountants to manage any business interruption claim.
- 24/7 countrywide response, day one attendance and immediate access to professional advice.
- Preparation and claim submission, ongoing support throughout the claim, rigorous pursuit of interim payments and advice relating to loss mitigation and business recovery.
- Panel of experts available or the intermediary can ask for a specific firm to be instructed under their scheme. Can also be extended to cover the costs of internal claims expertise.
- 24/7 legal & counselling line providing confidential advice and support to business owners and employees who may be in distress following a loss.
- Claim assist line – A free telephone service for participating Intermediaries offering practical advice about any claim or policy.
- Assists intermediaries in making sure they are Insurance Act compliant
- Competitive rates for portfolio wide inclusion proportional to client’s premium spend.
- Allows for a counter measure against unreasonable insurer decisions.