Claims Preparation

 The best kept secret in insurance!

The harsh reality is that over 50% of businesses fail after a significant loss. Why? Because when a loss occurs, most business owners and/or management teams will already have a full diary and be working at capacity.  

The key functions of the management team include looking after customers, staff and suppliers, not to mention the administration duties, such as managing cash flow. When the loss occurs, these functions continue, but now the loss and disruption to the business have to be minimised, as well as rebuilding and replacing equipment; not to mention the insurance claim, which has to be managed carefully to ensure that the full entitlement is received. Each of these tasks are time consuming and stressful, and it is not the time to make a wrong decision!

Insurance companies engage experts in the form of loss adjusters and investigators to protect their interests, and they are in the business of insurance! Having an expert explain all the nuances of the cover to the Insured, assist in loss minimisation strategies, and prepare the claim in accordance with the cover and terms of the policy allows the Insured to do what they do best: look after their customers and concentrate on getting the business back to where it ought to be, as quickly as possible.

Most businesses engage a tax accountant to assist with their tax returns because the tax system is so complicated and it is easy to make a mistake. Insurance is equally, if not more, difficult and an expert on your side is a must. The insurance industry itself appreciates the need for this service and, in many cases, the cost of engaging such an expert is covered by the policy.

LMI Group’s loss management division has highly experienced experts who work with the business and its advisers to minimise the disruption, prepare a business recovery plan, and quantify and prepare the insurance claim to ensure that all entitlements are claimed.

With this team on your side, you have the very best experts working for you. A quick tour around this site will show that this team literally wrote the industry standards on insurance and claims, a high proportion of policy wordings, as well as many of the text books and training courses used by the industry. The team combines continuing professional development and research with years of practical experience and empathy to provide you with genuine help over the duration of your claim.

For further information, please use the Contact Us link at the bottom of this page for details on regional contacts. Alternatively, you can view our Claims Preparation brochure, which may also be downloaded for your convenience.