Loss Recovery
All UK policy wordings contain a clause that specifically excludes the costs of preparing and negotiating claims. Whilst this may seem a relatively minor exclusion, in a major loss, the cost to you of managing your claim, having valuations prepared and calculating the business interruption loss could be significant. You could pay for this after the event, but costs may be over £150 per hour. Our Loss Recovery Insurance covers all claim preparation, negotiation and settlement costs for a small annual fee.
Your Claims Service
We offer via Lorega Claims and Underwriting Services Lltd, an unrivalled claims service to our clients and in the event of loss or damage to your business, simply contact us. When required, we will arrange for Lorega's immediate involvement. Then leave the rest to them. They will appoint a local claims specialist who will visit you to advise on the best approach to your problems.
Your specialist will then prepare your claim(s) and negotiate for the best possible settlement to which you are entitled. The cover arranged will provide you with assistance in most likely losses, however should you be in doubt, please ask us for policy details.
Loss Recovery Your Commercial Claims Service:
- Making your Insurances work for you
- Telephone advice and assistance for all claims
- Personal visits on all qualifying losses
- Cover for both material damage and business interruption claims
- Arranging interim payments from insurers when necessary
- Arranging temporary premises and equipment to enable trade to continue
- Preparation of a fully valued inventory for all items damaged or stolen
- We attend all meetings and handle all correspondence with Insurers
- Co-ordination of builders, surveyors, decorators etc as required
- We work in conjunction with your own accountants to formulate a loss of profits claim
- Negotiation of the best possible settlement(s) to which you are entitled
To makes sure that your business gets the right cover at the right price call the Noyce Team to protect against Losses.