Commercial Loss Recovery
What is Commercial Loss Recovery Policy
Loss Recovery Insurance, for businesses is an insurance policy which provides you with unlimited advice from a loss adjuster, to help you prepare, negotiate and settle your material damage or business interruption claim.
The Loss Adjusters working under the Commercial Loss Recovery Policy act independently of your insurance company, and aim to help you achieve the fairest and fastest settlement possible under your insurance cover.
Why would you consider a Commercial Loss Recovery Policy?
Recently, commercial insurance claims have become increasingly complex and time consuming. Commercial Loss Recovery Insurance provides you with a Loss Adjuster to help remove the burden of spending countless hours preparing your claim.
If your insurance claim is for more than £5,000 – within the terms and conditions of the Insurance Policy you are claiming from – then a Commercial Loss Recovery Policy can benefit you. It provides you with advice from a loss adjuster, who will work with you throughout the duration of the claim.
A Commercial Loss Recovery Policy gives you an expert who works for you, and who will deal directly with your insurer on your behalf, removing the hassle of you having to prepare and negotiate your claim.
A Loss Adjuster under a Commercial Loss Recovery Policy, can also provide extra services such as, practical advice about things you can do to reduce the impact of a loss or to organise quotes to start remedial work or replace damaged goods.
A Commercial Loss Recovery Policy applies to material damage or business interruption claims and are subject to certain exclusions and conditions, full details of which can be provided on request.
Summary of Key Features and Exclusions
Telephone advice and assistance for all claims
Personal visits on all major losses
Cover for both material damage and business interruption claims
Arranging interim payments from Insurers where necessary
Arranging temporary premises and equipment to enable trade to continue
Preparation of a fully valued inventory for all items damaged or stolen
The specialists attend all meetings and handle all correspondence with Insurers
Co-ordination of builders, surveyors, decorators, etc.
Working in conjunction with your own accountants to formulate any loss of profits claim
Negotiation of the best possible settlement(s) to which you are entitled
Claims under the policy excess or £5k
Personal injury claims
Liability claims (Public, Product or Employee)
Motor, Aviation and Marine (Vessel) Claims
Subsidence, Landslip or Heave claims
Losses incurred outside mainland UK
Why should I get it from you?
I have had excellent service over the years and Weir look after all of my insurance now
Commercial Loss Recovery
If your company suffers from material damage or business interruption, making a claim can be a daunting task. Commercial Loss Recovery Insurance provides you with unlimited advice from an independent loss adjuster, to help you achieve a fast and fair settlement.