Property damage and business interruption

 

Business interruption insurance provides cover for financial losses which arise as a consequence of property damage and which impacts on the profit, market share, growth and performance of a business.  The cover is intended to aid the financial circumstances of the policyholder until it reverts to what it would have been if the claim did not occur.  It should also cover continuing costs and extra costs incurred in order to mitigate losses.

Business interruption losses can be particularly problematic with difficulties arising in relation to appropriate indemnity periods, inadequacies in the sums insured and disputes over the quantification of the claim and the supporting evidence. We have links with specialist forensic accountants with whom we work as part of a team in order to deal with claims to be pursued by litigation, arbitration or some form of ADR.

Due to the complexities of business interruption cover in calculating the correct sums insured and indemnity periods and the range of different products available; under insurance or lack of insurance are common problems often leading to an investigation of a potential claim against the client’s insurance intermediary.

Business interruption cases often give rise to complex insurance coverage and recovery issues for which specialist insurance advice is required.

The team at Trethowans are skilled at dealing with insurance matters for insurers and business clients as well as policyholders, SMEs, their officers and directors, and other individuals in connection with insurance issues and claims.

Meet the team

Partners

Bethany Blamire
Partner
Insurance Litigation
023 8082 0549
07500 935 694
Insurance Litigation
Kelvin Farmaner
Partner & Head of Dispute Resolution Group
Insurance Litigation
023 8082 0527
07500 935 553
Insurance Litigation

Consultants

James Parsons
Consultant Solicitor
Insurance Litigation
01752 421590
07970 191 514
Insurance Litigation

Paralegals

Andrew Boba
Paralegal
Insurance Litigation
023 8082 0495
Insurance Litigation

Trainee Solicitors

Sarah Huck
Trainee Solicitor
Insurance Litigation
02380 820 510
Insurance Litigation

Legal Secretaries

Victoria Barrington
Legal Secretary
Insurance Litigation
023 8082 0520
Insurance Litigation
Angela Fraser
Legal Secretary
Insurance Litigation
023 8082 0517
Insurance Litigation