Insured Losses
By examining the particular circumstances of each assignment, we consider issues of causation, quantum and mitigation of losses when events, natural or man-made, can affect the ability of a business to operate effectively.
We act for policyholders and insurers, and in subrogated claims, third parties facing claims and insurers.
We have experience of advising and providing expert opinion in respect of loss calculations for business interruption losses as a result of, amongst others: fire, flood, explosions, product recall and liability and machinery breakdown.
We have substantial experience in acting in claims where insurers seek recoveries from tortfeasors (and where appropriate policyholders’ uninsured losses). Our instructions include by those bringing or facing such claims. Subrogated loss of profit claims require separate considerations to the original business interruption policy coverage.
Our Services
Examples of Experience
- Acting for the policyholder, the defendant, and its insurer defending loss of profits claim by an abattoir as a consequence of alleged refrigeration failures.
- Acting for the policyholder, the defendant, and its insurer defending a loss of profits claim by a vegetable processing plant as a consequence of alleged refrigeration failures.
- Reporting to insurers investigating a major business interruption claim (£25m) following a catastrophic fire at a heavy industry facility, including advising on repair or replace decisions.
- Acting for the policyholder, a well-known motor recovery service, in its business interruption claim resulting from a catastrophic computer failure.
- Acting in a soft drinks product recall in Poland for the Claimant, in particular advising on the interpretation of the policy for loss of profit.
- Acting in a subrogated recovery claim for insurers relating to a product recall (food industry) due to faulty packaging.
