Economic loss claims
How to make a successful claim for economic loss from insurance companies due to a business interruption or other compensation causing event
January 10, 2007
- Making an Insurance Claim for Economic Loss
The key point to remember when making an insurance claim for economic loss or business interruption is: whatever you claim and whatever the circumstances, your insurer cannot pay more than you claim!
If you under estimate your economic loss you cannot recoup it at a later date. So check you claim very carefully before submitting it. And even if it has been developed by a professional, your accountant for example, check it YOURSELF to be absolutely certain that it is correct.
