Business Interruption Losses
Understanding Business Interruption Losses
Business interruption losses represent a critical concern for companies of all sizes. These losses occur when a business is unable to operate normally due to unforeseen events such as natural disasters, fires, or other catastrophic incidents. The impact can be devastating, leading to substantial revenue loss, unfulfilled contracts, and a damaged reputation.
At Claims.com, we specialise in helping businesses navigate the complexities of business interruption insurance claims. Our team of experts understands the nuances of policy language and the importance of timely and accurate claims submissions. We work diligently to ensure that our clients receive the compensation they are entitled to, allowing them to recover and rebuild their operations.
Key Components of Business Interruption Losses:
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Revenue Loss: The primary component of business interruption is the loss of income that the business would have earned had the interruption not occurred. This includes sales of goods or services that could not be completed.
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Fixed Costs: Despite the halt in operations, businesses still incur fixed costs such as rent, utilities, and salaries. These ongoing expenses can strain financial resources during the interruption period.
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Extra Expenses: To mitigate the impact of the interruption, businesses often incur additional expenses. This can include costs for temporary relocation, rental equipment, or expedited shipping of materials to resume operations quickly.
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Contingent Business Interruption: Sometimes, an interruption at a key supplier or customer’s location can also affect your business. This type of loss is known as contingent business interruption and can be equally damaging.
How Claims.com Can Help:
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Policy Review and Analysis: We meticulously review your business interruption policy to understand the coverage and exclusions, ensuring that all potential claims are identified.
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Claims Preparation and Submission: Our experts gather and organise the necessary documentation, including financial records and evidence of loss, to prepare a comprehensive claim.
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Negotiation and Advocacy: We hand over your claim to our solicitors that will fight your case in your best interests.
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Continual Support: From the initial assessment to the final resolution, we provide ongoing support and updates, keeping you informed at every stage of the process.
Business interruption losses can pose significant challenges, but with Claims.com by your side, you can focus on getting your business back on track while we handle the complexities of your insurance claim. Contact us today to learn more about how we can assist you in managing and recovering from business interruption losses.
Call now and we can see if you are eligible to claim in 5 minutes by answering some simple questions.
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Worried about upfront costs? Don’t be. Our “No Win, No Fee” policy means you only pay us if we successfully recover funds for you.
To check your eligibility please fill in the form to see if you are able to make a No Win No Fee claim.
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Don’t Just Take Our Word For It
Insurer forced to pay thousands of pounds to small firms hit by Covid payout delays
Guardian News Article
High Court ruling opens door to fresh wave of Covid insurance claims
FT News Article
Football clubs in £100 million claims against insurers over ‘Covid losses’
Independent News Article
3 Easy Steps to Start your Claim
One
Contact us through our handy online form, or by calling us at 020 3318 2064
Once you answer some of our simple questions, you can sit back, relax, and let us do the rest!
Two
We throughly look through your deal from your insurance company, and see if you’re entitiled to a claim.
Three
Once our experts have established that you have a claim we will process your application via our panel of solicitors on a No Win, No Fee Basis.
Contact Us
Ready to get started or have questions? Contact us today for a free consultation to find out if you are entitled to claim.
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