Can your business recover its financial losses?

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.

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

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.

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

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.

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

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.

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

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

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.

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