Compensation for losses suffered due to COVID-19
The dramatic changes in all our lives caused by the coronavirus pandemic and the consequent lockdown, has resulted in significant disruption for businesses.
Whether as trustees of charities or owners of restaurants, cafes, or hotels, businesses have understandably looked to their insurance providers for compensation. However, for many businesses the response they receive from their insurer has been to deny that their business interruption cover applies.
Whether business interruption cover is able to be triggered in a policy will depend upon the precise wording of the insurance document. Policy wordings are not standard, and, it is often difficult for people to judge whether they have a potential claim and if so, to respond to their insurer’s refusal to pay out.
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Business interruption insurance claims – how we can help
At Nelsons, our team of dispute resolution solicitors in Derby, Leicester, and Nottingham are experienced in all types of commercial contract disputes and are recognised in multiple categories by the independently-researched publication, The Legal 500, as being one of the top teams of experts in the country.
Our team offers fixed fee services for those uncertain of their business interruption insurance cover and/or are looking to respond to their insurer’s refusal.
The two fixed fee options we can provide include:
- Review the business interruption provisions of your insurance policy and provide a letter of advice
- Review the business interruption provisions of your insurance policy and respond to your insurance provider, setting out why payment ought to be made (if there are some merits to your claim)
Additionally, there may be circumstances where your business’ insurance broker has been negligent and they have breached the duties of care they owe to you, if this is the case then we can advise you on pursuing a compensation claim for negligence against your broker.