We work closely with you to retrieve and prepare the information you need to document a loss. Where evidence is missing or too commercially sensitive to provide, we employ strategies to minimise the impact on the ultimate claim settlement
Our insurance claims consultants are experienced in handling confidential issues with insurers and their experts. And by integrating our claims, industry and technical skills, we help you prepare the balance of information to evidence your insurance claim in the right format and speed up the settlement.
Does your policy contain a claims preparation clause?
A claims preparation clause will extend a policy to provide insurance cover for costs incurred in the preparation and submission of a major insurance claim. Major or complex claims e.g. business interruption claims, always involve detailed forensic investigation and analysis by insurers who appoint loss adjusters, engineers, accountants and on occasion, lawyers, to act on their behalf. To conduct such investigations, extensive information requirements can be made of an insured who must, of course, comply with policy conditions in relation to notifying and substantiating any claim submission.
The appointment of an independent claims expert provides the insured with forensic support and advice on claims submission and strategy, but not the delivery and negotiation activities carried out by the broker. In essence the insured's own expert helping them to expedite their claim, as opposed to the loss adjuster who is appointed to act for insurers. Appointing an expert who understands the working practices and information requirements of the insurance market, and who can apply this knowledge on behalf of the insured to deliver an effective and expedited claims settlement process, is therefore of obvious potential value.
The use of claims preparation clauses is becoming more widespread and we would strongly advise you raise the issue with your insurers to make sure you have one included in your policies.