What a claim can cost the Business Client in both time and money

The table below details the likely tasks & hours spent
by a policy holder in the event of a claim valued at:

Meetings with Insurers or their Loss Adjusters and reviewing insurance covers

Reviewing damaged and lost items and preparing initial summary of loss

Meeting with replacement hire firms, temporary suppliers, viewing temporary premises

Meeting with replacement suppliers, contractors, builders, surveyors etc

Obtaining estimates and all supporting documents for Material Damage claims

Preparing and presenting a Material Damage claim

Obtaining estimates and all supporting documents for Increased Cost of Working claims

Preparing and presenting a Increased Cost of Working claim

Meetings with accountants to review Loss of Profit

Preparing and presenting interim and final loss of profit claims

Liaising with third parties e.g. adjoining owners, Local Authority, customers

Telephone and communication time with all parties

Negotiating all final settlements

TOTAL TIME:

So how do you value your time? - Enter value of salary here:

TOTAL COST:

Or alternatively, you could pay a Loss Assessor a fee of (including VAT):

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