+44 020 7767 3070 info@lorega.com
Case study: Lorega Adjuster reduces business interruption claim for gastropub.

Case study: Lorega Adjuster reduces business interruption claim for gastropub.

Case Study: Licensed Trade

Material Damage and Business Interruption claim

When a major fire broke out in a traditional gastropub, located in London’s West End, it suffered serious damage to its structure and the roof.

Luckily the pub, which dated back to the 1880s, was unaffected by the fire itself, but there was significant damage done by the fire service’s extinguishment water, which entered the pub and restaurant on the ground floor, as well as the kitchen in the basement.

This resulted in the ceiling collapsing and extensive damage to the flooring and the kitchen equipment, including the cookers and extraction system which suffered major damage. The result of this extensive damage meant that the pub was unable to trade, so the owners immediately contacted their insurance broker to find out what could be done under their insurance policy.

As they had Loss Recovery Insurance, Lorega was able to send a Chartered Loss Adjuster to visit the site within 24 hours and instigate drying measures, reviewing the extent of the damage and deciding on a strategy for moving forward. Unfortunately, this was not a straightforward claim and problems arose with regards to the separate buildings insurance arranged by the landlord, who seemed reluctant to instigate works to the flats and roof.  This resulted in subsequent rainwater penetrating the pub, meaning further damage. It transpired that the landlord of the building was submitting a planning application to change the roof and add more flats above the pub, which would result in considerable delays.

Beer Tap Lorega case studyThe Lorega adjuster was able to communicate with the insurers, who ultimately agreed to fund the emergency works needed including a “tin hat” over the building. Although this was not strictly covered under the policy, our adjuster argued that this would reduce the business interruption claim, which would outweigh the cost of the emergency works. This resolved the initial issues with rainwater and allowed proper drying to proceed, meaning agreements could be reached over the internal refurbishment of the pub.

The Lorega adjuster worked side by side with the client to maintain detailed records of any costs incurred and to prepare a full business interruption claim for presentation to the insurer’s loss adjusters. This was a complicated process as many of the staff had been redeployed to other pubs owned by the policyholder, but after considerable negotiation our adjuster was able to agree a sensible mechanism for calculating the loss of profits claim.

The pub reopened, but trade was still affected as works to the flats and roof were ongoing and there was scaffolding across the frontage. Our adjuster obtained agreement to put up temporary signage alongside some initial promotions, and a claim was agreed within the maximum indemnity period.

The pub is now continuing to trade successfully having re-established itself in the local market; both the broker and the policyholder were delighted with the service they received from Lorega.

Customer feedback

“From the start, Lorega offered me total reassurance"

"Thank you, you were a great help and made sure I claimed for everything I was entitled to. Could not have done it without you”

“Your support and input was excellent”

Cycle ride from London to Paris

Cycle ride from London to Paris

London to Paris bike ride

Raising money for two very worthwhile charities.

On the 5th of September, 6 members of the Lorega team including CEO Neill Johnstone, will be setting off from our office in Leadenhall Street and cycling to the foot of the Eiffel Tower in Paris – a total distance of 300 miles over 4 days!

None of us have ridden this distance before and most last rode bikes with stabilisers! Needless to say, this is a daunting task, but it is one that we are all looking forward to.

If you’re interested in seeing how our training’s going, check out the Lorega Strava club profile here: https://www.strava.com/clubs/447746

Our chosen Charity partners

We are doing this to raise funds for two very worthwhile charities, Marie Curie and First Stop Darlington, both charities which have a special resonance with members of the team here at Lorega.

Marie Curie give free care and support to people living with any terminal illness and their families, bringing light in the darkest hours.  The incredible nurses volunteer their own time to work closely with the NHS to provide this much needed support.

First Stop Darlington is a charity based in the North East of England working actively on the prevention of homeless, as well as providing a listening ear and support for those who are experiencing poverty, distress and social exclusion. In 2012 the charity set up a social enterprise and shop, Bike Stop, where the skilled team and their beneficiaries fix donated bikes to resell and provide a highly valued customer maintenance service. The charity provides the essential first steps towards recovery and self-confidence, the shop provides opportunities to the clients to develop new skills and training to further them in life.

If you would like to make a donation to these fantastic causes, then please click here.  

Meet the team

6 of our bravest head office staff are taking part in this gruelling ride; learn a little more about them below!

Neill Johnstone

Neill Johnstone

CEO

Tell us about your bike.
Bike is a Boardman carbon road bike, nicknamed “Gustave”

How you see your role in the ride?
Responsibility for rehydration and nutrition!!

Why are you’re excited to do the bike ride and what are you looking forward to?
It will be great to do four consecutive days of strenuous exercise and really test this old body frame of mine! I’m looking forward to the end of each day and to relaxing with a glass of fine French wine, a plate of escargot, all in the company of good friends and colleagues.

What do you think the hardest part will be and what are you not looking forward to?
Definitely the training and trying to drink less beer during the summer!

Amii Freeman

Amii Freeman

Underwriting Assistant and Systems Development Co-ordinator

Tell us about your bike.
Cinelli Saeta Radical. Nickname Nelly

How you see your role in the ride?
Organiser

Why are you’re excited to do the bike ride and what are you looking forward to?
I’m excited to see how much we can raise for 2 amazing causes. On the ride, I am looking forward to riding as a team and how we can push each other to keep up the pace and get up the hills.

What do you think the hardest part will be and what are you not looking forward to?
Hardest part will be starting again when I’m already aching and being social when I’m not a morning person.

Geoff Raikes

Geoff Raikes

Financial Controller

Tell us about your bike.
It’s a Look. The frame and forks are probably older than half the team, and the rest of it is a mish-mash of second hand / bargain bin parts lovingly assembled and hand tuned by me.

How you see your role in the ride?
I expect to spend a lot of time at the front of the group, navigating and leading the peloton.

Why are you’re excited to do the bike ride and what are you looking forward to?
I’m looking forward to hills! Climbs to test our resolve, and descents to test our nerves… and refuelling with friends afterwards.

What do you think the hardest part will be and what are you not looking forward to?
Getting going again in the mornings when my legs will still feel empty from the day before.

Lee Bennett

Lee Bennett

Director of Operations

Tell us about your bike.
Nightrider.

How you see your role in the ride?
Straggler.

Why are you’re excited to do the bike ride and what are you looking forward to?
Wine.

What do you think the hardest part will be and what are you not looking forward to?
Actually riding the bike.

Sarah Morton

Sarah Morton

Sales and Marketing Manager

Tell us about your bike.
Boardman SLR – chosen because it’s pretty.

How you see your role in the ride?
Mostly there to order wine and cheese.

Why are you’re excited to do the bike ride and what are you looking forward to?
Looking forward to aforementioned cheese and wine, and finally getting to use my French degree in a semi-professional context.

What do you think the hardest part will be and what are you not looking forward to?
Long boring training rides round London on my own – not my favourite part so far.

David Niman

David Niman

Management Accountant

Tell us about your bike.
Giant, the Davemobile.

How you see your role in the ride?
Head of “Facts”, whatever that entails.

Why are you’re excited to do the bike ride and what are you looking forward to?
I’m excited to fill my lungs with the lovely air on the nice rural roads and to live my dream of pretending to be in the Tour de France, but without the gruelling lifestyle.

What do you think the hardest part will be and what are you not looking forward to?
I think the hardest part will be the brutal hill we have on the end of the first day, either that, or the challenge of riding so long for so many consecutive days

Our principal Sponsors

Thank you to our principle sponsors below.

Lorega expands cyber offerings to support SMEs with low-cost crisis response solution

Lorega expands cyber offerings to support SMEs with low-cost crisis response solution

Press Release: Lorega Launches Cyber 10

Expanding our cyber offerings to support SMEs with low-cost crisis response solution

Lorega Limited (Lorega) have expanded their range of SME assistance products with a new low-cost cyber product, offering SMEs a stand-alone expert telephone helpline to support businesses following data breaches or cyber-attacks.

Cyber 10 offers 10 hours of crisis response, incident management, and investigation and restoration telephone advice from Lorega’s Cyber Emergency Response Team (CERT), upon discovery of a cyber attack or data breach. The CERT is operated by Agenci, a leading international cyber security consultancy, ensuring SMEs and VSMEs have the expert advice they need to get back on their feet as quickly as possible following an incident.

Cyber 10 builds on Lorega’s existing Cyber Recovery product, but is able to offer a lower cost solution to SME businesses, stripping out the additional cost of indemnity cover, by offering advice when it is needed most. It has been designed as a simple policy for businesses who understand the risk of cyber attacks and the likelihood of an incident occurring but cannot afford the high premiums quoted for many cyber insurance policies.

 

SMEs are increasingly at risk of a cyber-attack, but often find it difficult to understand the cover and pay the cost for an indemnity based insurance product. We wanted to offer an alternative, affordable solution which provides reassurance – expert help at the other end of the telephone in the event of a cyber incident.

Neill Johnstone

Managing Director, Lorega Ltd

Customer feedback

“From the start, Lorega offered me total reassurance"

"Thank you, you were a great help and made sure I claimed for everything I was entitled to. Could not have done it without you”

“Your support and input was excellent”

Lorega launches building surveying service to streamline property claims reinstatement process

Lorega launches building surveying service to streamline property claims reinstatement process

Press Release: Introducing Lorega Surveying Services

Lorega Limited (Lorega) continues to broaden its policyholder services with the launch of a dedicated building surveying service – designed to help policyholders to manage property reinstatement in the event of a claim.

Most home and business property insurance will include the cost of surveyors’ and engineers’ fees needed to restore or replace property in the event of fire or other damage. Usually the policyholder is left with the problem of identifying and appointing the professionals needed to oversee and administer the work.

Lorega’s new Surveying Services will be managed by Lorega Solutions Limited, Lorega’s Chartered Loss Adjusting company, to provide the policyholder with access to expert Chartered Surveyors, with the necessary experience and expertise to help the policyholder through the process. The Surveyor will work alongside the Chartered Loss Adjuster appointed by Lorega, on behalf of the policyholder, to prepare and present the claim by obtaining quotes for building work, and then managing the reinstatement process.

Offering access to professional surveying support at the outset of the claims process removes the burden from claimants to source quotes and find a suitably experienced surveyor to manage reinstatement. The launch of Lorega Building Surveying Services enhances our suite of Expert Services for policyholders and demonstrates our overall commitment to providing expert help to minimise the impact, costs and disruption of a property damage claim. Angus Tucker

Managing Director, Lorega Solutions

Customer feedback

“From the start, Lorega offered me total reassurance"

"Thank you, you were a great help and made sure I claimed for everything I was entitled to. Could not have done it without you”

“Your support and input was excellent”

Winter insurance claims – 20 tips to mitigate losses after flood or storm damage

Winter insurance claims – 20 tips to mitigate losses after flood or storm damage

When your business has experienced a flood or storm, it’s often difficult to know what you need to do, and equally what you shouldn’t do, in order to mitigate the loss and reduce the risk to your business.

Angus Tucker, Chartered Loss Adjuster and Managing Director of Lorega Solutions has written up this helpful list, with easy tips and advice to follow in the event of a flood or storm.

1. Are services, such as electricity, gas and water, still operating?

If not, check the reason for this with the utility company, and obtain an estimate of reinstatement of supply.

2. If services are still on, is there a threat from these?

For example, if a property is flooded, should the power be turned off at the mains to prevent short circuits and a possible fire?

3. Act as if you're uninsured

Make urgent decisions on basis of what is best for the business and what is critical for business survival, not on the basis of what insurers may perhaps want.

4. Take photographs of the damage – the more the better.

This will assist in identifying the extent of damage for an insurance claim down the line, as memories can fade and become blurred.

5. If possible, move undamaged stock and equipment higher up out of reach of potential rising flood water

If in two storey premises, move whatever possible from the ground floor to the first floor.

6. In any event, move undamaged goods/stock away from damaged goods/stock

This will help to prevent contamination.

7. If perishable stock, especially foodstuff and similar, has been saturated, try to dispose of before it becomes health hazard.

Ensure it is correctly recorded and photographed as it is disposed of.

8. If you're uncertain regarding your position on the possible health risks of damaged stock/goods, and whether it is salvageable or not, seek immediate advice from the local Environmental Health officer.

They will inspect and issue certificates for condemned goods. Find your local Environmental Health Officer here.

9. Take what necessary immediate measures are possible for mopping up.

Do not wait for someone to give permission!

10. Ensure there is plenty of ventilation to the premises

This can help to prevent possible mould growth.

11. If necessary, contact specialist damage management drying and cleaning companies to attend asap and assist with pumping out of water and drying premises.

Details can be obtained from the British Damage Management Association (BDMA) – 07000 843 236.

12. Do not dispose of anything that may be salvageable.

Try to store this separately, and do obtain assistance from a specialist damage management company.

13. If the premises are now uninhabitable and will be left unattended, secure them.

This will prevent further loss or damage.

14. If you are a tenant, contact your landlord, via the managing agents if appropriate, as soon as possible to advise of the position and request they take necessary immediate action.

You cannot start to recover your business until the building you trade from has been dried and repaired.

15. If the premises are uninhabitable, try to locate suitable local alternative premises, if possible.

You will be able to continue temporary trading from these.

16. Try to reallocate internal resources from unaffected areas of the business.

This may help you to maintain future sales.

17. Contact customers to advise them of the position, especially where immediate supply of promised orders is affected and now no longer possible.

You should seek to reassure them of a longer term position.

17. Prioritise those customers key to business, as initial recovery of business proceeds.

19. Create a separate cost code in the accounts specific to the flood/storm damage and allocate all related expenditure to this code.

This will make it easier to track costs later when insurance claim if being agreed. This is especially important for any additional expenditure incurred to maintain the business.

20. Contact your insurance broker (or insurer if there is no broker) as soon as possible.

They will be able to either provide advice or point you in the right direction for specialist advice.

If you have a loss recovery insurance policy, you’ll have a chartered loss adjuster on hand the manage the insurance claim and advise on how to mitigate losses from the start. To find out more about this, click here.

 

Watch the webinar

Angus talked brokers through some winter weather advice on this webinar. Watch now.