What is business interruption? At the outset of your claim, it is essential that work is focused on establishing liability acceptance from your insurance company. A delay in getting liability accepted on a commercial loss can have dire consequences for any business’s future, as cash flow can be impacted for several months. With Morgan Clark…
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Tag Archives: flood claim
Two-fifths of London firms at risk of climate-fuelled flash floods
Two-fifths of London firms at risk of climate-fuelled flash floods London is facing an increasingly urgent problem as climate change increases the risk of flash floods. The capital’s 42% at-risk commercial buildings are vulnerable to surface water flooding, which caused chaos last summer when torrential downpours hit London. Imagine a city where every commercial or…
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Water damage – over 25% of all claims originated from this risk
In 2016, escape of water contributed to over a quarter of all domestic property insurance claims, ranking above ‘weather’ and ‘fire and explosion’. Between January and September 2017, these claims totalled £483m – an increase on the previous year. However, it’s also an issue in the commercial space. The continuing rise in escape of water…
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