Insurance claims notification
Are you wondering whether to notify your insurer over a new development?
The duty to notify an insurance claim, or a circumstance which might give rise to a claim, is one of the most misunderstood and vexing aspects of modern business insurance.
Your policy will contain strict conditions and obligations, which, if not complied with, can give an insurer the opportunity to decline cover and leave you uninsured.
It is well known that businesses are reluctant to report to insurers anything that may cause them to pay more for insurance or, in extreme cases, to lose insurance cover.
For fear of the consequences, notifying claims and circumstances that might give rise to claims is frequently delayed, withheld or overlooked.
It need not be feared. A well-presented notification will not, in itself, cause a problem.
Ask our advice of what to notify, how and when. A well-presented notification can make all the difference.
Our knowledge of the insurance market can help you to understand what to notify, to whom and how.
If you are concerned about a matter that might be notifiable, call us on 020 7868 2810.
Having notified a circumstance and finding ourselves without PI cover, we turned to Flaxman Partners for help. Their specialist advice has been priceless.
Jaggi & Co