Can your business recover its financial losses caused by Covid 19?

Can your business recover its financial losses?

Business Interruption Claims

We use forensic auditing and analysis of your Business Insurance policy to assess if you are due a refund / payout for the losses your business has suffered as a result of the Covid pandemic. A recent case in the Supreme Court has paved the way for how Insurers must assess any claim submitted. If our free eligibility check uncovers that your business qualifies, we will assist with the claiming of a refund / payout.

This is operated on a strictly No Win, No Fee basis.

Free Eligibility Checker

Complete the Eligibility Checker and we confirm if your business qualifies for a review.
Email us a copy of your Business Insurance Policies for 2019 / 2020 and 2020/2021.
We introduce this case to an independent law firm who will assess the validity of a claim.
If applicable the case is then proceeded with on a No Win, No Fee basis.

Free Eligibility Checker

Your Questions Answered

Does my business qualify?

Covid19 has affected every business in many different ways. There is not a “set in stone” scenario that either rules a business in or out. The only way to find out if your business qualifies is to have your Business Insurance Policies reviewed.

What supporting documentation do you require?

In all cases we will require a copy of the business’s Business Insurance Policy wording and schedules for 2019/2020 and 2020/2021.

Should I contact my insurer / broker?

If you do not have the policies available then you should contact the insurer / broker to obtain these. However, they may attempt to offer a settlement figure that is not reflective of the amount your business could be entitled to. We strongly advise obtaining the business insurance documents only and letting our legal partner obtain the highest refund / payout possible. In other instances the insurer may well reject a valid claim.

Why use Business Refunds?

Using our knowledge and available expertise of this area, we can assist you in checking the eligibility of a claim.

My business was not asked to close by the government, but we closed anyway. Can I still make a claim?

Yes, these are very unusual circumstances. If you decided to close your business to customers due to a fear of the pandemic, that would be seen as a reasonable reason to claim.

Furthermore, it would be difficult for some businesses to stay open and implement social distancing measures. So, if you closed your business to protect your staff and customers, then you may have a valid claim.

Can I claim on my business insurance as well as receive a government coronavirus grant?

Yes, as the government grants are immediate help for businesses, and the government is aware that business owners will also be making claims against their insurance policies.

What can I claim for?

There are numerous areas that you can make a claim for, including:

Actual and/or forecast loss of revenue
Business costs such as rent
Wages
Charges from loans acquired due to COVID

I think my claim was unfairly denied – can you help me bring legal action against my insurers?

Yes – If you tried to claim yourself and were denied, you may still have a solid case. If your policy has a valid business interruption clause, then we can introduce you to a law firm that will give you the option of bringing action against your insurer on a No Win, No Fee basis. The insurer might reconsider and pay out, or it can proceed to court, where a judge will decide. For this service, they may take up to 25% plus VAT of what your insurance company pays out, but this may vary.

My business is not very big – can you still help me to make a claim?

Yes, the size of your business doesn’t matter, only the wording of your policy does.

How much will I be awarded?

This depends on the individual circumstances of your business and your insurer.

Do you work on a No Win, No Fee basis?

We do not charge a fee for any of our work. If we do not believe you qualify for a refund / payout then there are no fees to pay. If the Law Firm we introduce you to are successful then their fees are applicable.

I’m ready to make my claim – how do I start the process?

It’s a very simple process. Complete the free eligibility check and we can begin the process for you.

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We are

Business Refunds is a trading style of Am I Owed Ltd, Elmwood Court, Springwood Way, Tytherington Business Park, Macclesfield, Cheshire, SK10 2XF.
Company Registration Number: 09597769

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Contact Business Refunds

Phone: 01625 838454Phone: 01625 838454
Email: check@businessrefunds.com