Tag Archives: flood claim
What is business interruption?
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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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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