Business Interruption Claims
When unforeseen incidents like fire, flood or system failure halt your operations, navigating the business interruption insurance process can be complicated and time-consuming.
Business Interruption Claims
When unforeseen incidents like fire, flood or system failure halt your operations, navigating the business interruption insurance process can be complicated and time-consuming.
Get THE BEST OUTCOME WITH Business Interruption Claims support
Business Interruption Claims We Handle
We provide specialist support to quantify and recover losses across various sectors, including:
- Income Loss & Operational Downtime: Accurate calculation of revenue lost while your business is unable to function.
- Increased Cost of Working (ICOW): Assessing the extra expenses incurred to keep your business running after an incident.
- Supply Chain Disruption: Creating impact reports for losses caused by disruptions to your essential suppliers or logistics.
- Sector-Specific BI: Managing operational interruptions in aviation (grounding and delays), marine (shipping and logistics downtime) and cyber crime events.
- Incident-Driven BI: Handling interruptions following fire, flood, gas leaks or oil-related incidents.
Why You Need a Loss Assessor for Business Interruption Claims
Business Interruption claims are among the most complex in the insurance industry because they require accurate loss calculation and intricate policy interpretation.
While insurers appoint Loss Adjusters to protect their financial interests, an Oakleafe Loss Assessor works exclusively for you to ensure no detail is missed and your full entitlement is secured.
Our team is led by industry experts, our commercial team specialises in maximising settlements during periods of disruption.
We level the playing field by providing the technical expertise needed to document every financial impact on your business.
Business Interruption Claims FAQS
What is the "Increased Cost of Working" (ICOW)?
ICOW covers the additional expenses your business incurs to maintain operations following a loss, such as renting temporary office space or hiring extra equipment. We assess these costs to ensure they are accurately included in your claim.
How do you calculate my income loss?
Our commercial team uses specialized financial expertise to calculate your operational downtime and revenue loss based on your policy terms and historical performance.
Can I track the progress of my Business Interruption claim in real-time?
Yes. All clients have 24/7 access to our Claimtrack portal. This secure online tool allows you to view live progress updates, access all documentation & evidence and see automatic notifications on key milestones.