Key Person Insurance
This is also called ‘key man’ insurance; these policies are there to shield policyholders from the financial impacts if they lose key people due to death or incapacity by compensating the business. Our team can advise on what can be done when bringing together a claim if an event, such as the pandemic, has led to the incapacity of whose skills and knowledge was vital to the success of your business.
How to claim business interruption insurance?
On 15 January 2021, the UK Supreme Court delivered its judgment on the Financial Conduct Authority Business Interruption test case against several insurance companies. The impact of the judgment in favour of businesses is far-reaching. It potentially allows businesses to have their business interruption claims reconsidered, or it may qualify for a new claim to be submitted for consideration by their insurer.
Our team at Ashwood Solicitors will conduct a review of your policy and advise on the merits of recovery. We will be there during every step in preparing your case and negotiating with insurers to ensure that you recover the maximum amount to minimise the impact of these unprecedented times.
We have an excellent track record with professional negligence claims, including an insurance broker fails to give appropriate advice to policyholders. They may have incorrectly advised you and therefore, you may have suffered a financial loss; this is where we will assess the correspondence and circumstances in which this occurred.
If appropriate, we will mitigate your loss by recovering an amount that is equal to the loss as a result of the broker’s negligence.