Insurance Matters
Matthew Hazzard Head of Business Insurance
'The team here at UIB can help you save precious time by speeding up the process to ensure that you can be reimbursed for your claim more quickly by implementing some of these top time-saving tips.'
HOW TO SETTLE A CLAIM QUICKLY Every day, all kbb installation businesses are striving to complete tasks to stay ahead of the game. Time is money and therefore when something goes wrong and you need make an insurance claim, it always feels like you never have enough time to safely navigate an often slow or complex claims processes to help make things right. It shouldn’t be a chore, but it is! The team here at UIB can help you save precious time by speeding up the process to ensure that you can be reimbursed for your claim more quickly by implementing some of these top timesaving tips:
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1. Gather your policy information before calling your broker and have it to hand to get ahead of the game- below is a checklist: Your policy number and business details; Your trade or occupation; The address you’re insured at; The date when the damage or loss happened; Your VAT status and number; Bank details including the sort code, account number and name of the account holder the insurer should pay – nowadays many insurers have an electronic payment service (which is a preferred payment method) so your money could be in your account within two hours!
2. Provide as much detail as you can The devil’s in the detail, so provide as much of the information as early as possible, allowing insurer’s to deal with your business insurance claim more effectively. So, before calling to discuss your claim, try to provide as much of the following information as you can: A description of your business; Details of exactly what happened which leads to your claim; The full nature and extent of your loss, including details of all damage. Don’t forget any supporting evidence you can provide, such as estimates, images or original invoices, can help insurer’s settle your claim sooner; A description of your business premises (if you’ve insured them), whether the premises are occupied or not and the typical hours they tend to be occupied. Insurers are not looking for War and Peace, but the more in-depth you can go, the better they can understand the ins and outs of your claim and get it processed.
