A question of coverage…
The wording of an insurance policy is only truly tested when a claim is made.
Policy coverage is part of our initial claim review process and our insurer clients are alerted to any possible repudiation points then and as our investigations proceed. We provide specific advice on discrete points of law and policy wordings, offering solutions to avoid protracted and costly disputes.
Millions of pounds are often at stake, but we are equally well versed in dealing with more modest claims values both in the UK and abroad. Spanning Public Liability, Contractors All Risks and All Risks policies, our experience means that we can address all issues arising and avoid clients needing to go elsewhere, our advice covers:
- Business interruption
- Disclosure
- Extensions
- Financial loss
- Indemnity
- Late notification
Understanding and appreciating the commercial importance for our clients of maintaining good working relationships between insurer and insured is central for us. And so, irrespective of any decision regarding the policy, we work hard to preserve their long-term commercial relationships to the benefit of both parties.
We guide our clients through the most challenging and sensitive areas of policy and claims validation, supporting insurers in any decision to repudiate and liaise, appropriately, with policyholders and brokers to manage any issues that arise so insurers don’t have to.
We have the expertise to consider and combat policy indemnity points raised by third party insurers defending subrogation recovery claims. We also provide instrumental assistance in relation to contribution claims against other insurers and as to reinsurance arrangements; all of which means that we are experts at pursuing recoveries and getting back money our clients would not otherwise have recouped.
With extensive knowledge of the global reinsurance market and acting on behalf of some of the world’s largest purchasers and providers of reinsurance, our highly experienced specialists handle a range of claims and coverage issues in respect of reinsurance property business for:
- Individuals
- Insurance companies
- The Lloyd’s Market
- Public authorities
- Service providers
- Trade organisations
Reinsurance contract advice forms an integral part of this aspect of our work and we have considerable experience of international regulatory and compliance matters, e.g.
- Advising UK insurers regarding the scope of reinsurance cover protecting a substantial book of foreign bonds business.
- Working closely with reinsurance claims professionals and underwriters to fully understand the specific reinsurance programme and the intent behind policies and/or contracts enables us to give our clients the best possible advice in every case.
- Providing a variety of support services such as audits to enable clients to benchmark their performance. As we work for five of the UK’s top ten firms we have access to extensive, confidential, commercial (and totally secure) data. In this way we are able to ensure our clients’ commercial improvements are quantifiable.
Property Risks & Coverage
