In response to the recent problems in the market caused by the coronavirus outbreak, Thompson-Roberts have developed a platform to assist UK businesses to pursue their insured claims or business interruption losses. We have a dedicated team of industry experts that you can access via our portal and can help you with the entire process.
Policies extended to incorporate prevention or denial of access following the instructions of a competent authority, such as UK Government or local authority may operate to cover loss of revenue or loss of gross profit in consequence of such order or orders. This cover may extend to include increased costs of working to minimise disruption and loss.
Certain annual or specific construction policies may have been extended to include the financial losses stemming from an enforced lockdown by Government order which delays completion of works. Such policy extensions may include additional expenditure to accelerate works to avoid or reduce delay.
Specialist policy wording in the hospitality and travel sectors may cover financial losses following lockdowns imposed by international governments or other competent authorities attributable to the outbreak of a notifiable disease. Loss of profits and increased costs of working may fall for consideration.
Many package insurance policies arranged for hospitality, professional and amateur sports clubs, nurseries, nursing and care homes, manufacturing, retail and wholesale risks may be extended to incorporate business interruption losses following the outbreak of a notifiable or infectious disease (as defined in the policy).
Many UK businesses who were pursuing business interruption claims against their insurer prior to the Covid-19 outbreak (related to fire, flood, explosion, accidents, etc.) might find that the claim settlements are impacted by the effects of Covid-19. Claim presentations may need to be revised with professional assistance to ensure a fair outcome.
Professional and amateur sports clubs and venues, such as football, rugby, cricket and hockey, etc.
Hotels, wedding venues, restaurants, night clubs, casinos, pubs and other hospitality settings
Travel, cruise and tour companies, as well as travel agents
Gymnasiums, health and fitness clubs
Retail and wholesale outlets
Manufacturing risks of all types
We check and validate your business interruption extended policy wording.
We gather the necessary financial and other background information to present to your insurer or the loss adjusting representative and forensic accountant.
On acceptance of the claim, we seek interim payments to assist your cash flow position.
Our loss adjusters and forensic accountants (as appropriate) negotiate the final settlement of your claim and any balance payable.
If the insurers should resist your reasonable claim, we can recommend you to approved insurance specialist solicitors.
If you need any professional assistance with your business interruption or event cancellation claim, please do not hesitate to contact us.