Business Interruption and Property Damage Insurance Disputes

Business interruption insurance provides cover for financial losses which arise as a consequence of property damage and which impact 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.

Why use Trethowans?

We 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.

The insurance disputes team are one of only 12 teams in the whole of the UK to be recommended in The Legal 500 2023 guide, with two of the team ranked as leading individuals in a list of only 36 lawyers nationally.

“Trethowans is diligent and determined in its approach to handling our high-value claims. This is blended with a real sense of being approachable and willingness to build a rapport with the client.”

If you would like to discuss any matters regarding your business insurance, contact our expert insurance dispute solicitors today on 0800 2800 421.

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