Commercial
An insurance policy designed to provide cover for the fees of a Chartered Loss Adjuster to deal with your clients’ property and business interruption claims. Our nationwide network of FSA Authorised Chartered Loss Adjusters has the expertise to actively prepare, negotiate, administer and present claims on your clients’ behalf. Using Loss Recovery insurance will enable you to fulfil your claims promise efficiently and at no direct cost to your business. We are also committed to helping you grow your business income by offering commission on every policy sold.
Policy Summary
Insurer
Loss Recovery Insurance policy is fully underwritten by certain Underwriters at Lloyd’s.
Key features and Benefits: Our claim consultants will:
- Provide the services for eligible claims under your clients’ commercial insurance policy likely to exceed £5,000 or the policy excess whichever is the greater
- Provide personal visits on all qualifying claims
- Arrange interim payments from your clients’ insurers where necessary
- Attend meetings with insurers and handle all correspondence
- Organise temporary premises and equipment, surveyors, valuers and builders as required
- Prepare and present your clients’ claim to their insurers and negotiate the best possible settlement to which they are entitled.
Significant Exclusions
Loss Recovery Insurance excludes claims in respect of personal injury, liability, marine, motor vehicles, personal property, subsidence claims, third party claims, uninsured losses, civil proceedings and any claim outside mainland UK.
The cover arranged is for claims consultant fees in respect of eligible claims within the terms and conditions of the policy that are likely to exceed £5,000 or the policy excess whichever is the greater value.
Policy Period
All Loss Recovery Insurance policies run for one year.
What our policy holders say about us – Yorkshire Plywood
On 14th June, production was severely disrupted by a major fire. Their Managing Director John Aylward
talks about how the resultant claim(s) were painlessy handled by LOREGA’s Adjusters.
