Liability		Property		Environmental
Motor		Subsidence		Complex & Major Loss
Private Clients		Equestrian		Valuations
Industrial Disease		Engineering & Technology		Professional Indemnity
Building Claims Validation		Property Investors		Third Party Property Damage
Household Major Loss		Counter Fraud		Business Interruption Surveys
Business Interruption Surveys			Meet the Team

Business Interruption cover is designed to provide critical financial support to organisations that have suffered revenue loss following an insured event, including reimbursement of increased costs following unplanned disruption. This cover provides vital incoming working capital at a time when a business may be facing operational disruption and severe cash flow deficiencies.

Unfortunately, it is not uncommon for there to be an insufficient indemnity period or inadequate sums insured, which means that the insurer has not received the correct premium income and, in the event of a claim, this can lead to substantial financial penalties being applied on the insured. In a recent survey by the Chartered Institute of Loss Adjusters (CILA) it was estimated that up to 40% of organisations with a declaration linked policy which made a significant business interruption claim were under insured. We anticipate an even higher level of under insurance amongst organizations holding a non-declaration linked policy.

Getting the Business Interruption cover tailored to the insured's organisation is crucial to ensuring correct calculation of the cover required and that the best possible protection is provided. By blending our adjusting and accountancy expertise, QuestGates works with insurers, brokers and their clients to provide peace of mind knowing that, should disaster strike, adequate cover exists to help the business resume normal trading activities within a minimum period.

What the survey entails
QuestGates is one of the leading specialist adjusting companies and, through the use of highly experienced and qualified Chartered Accountants and Adjusters, is able to undertake a detailed review of a company's trading history and help organisations tailor their Business Interruption cover to meet the precise requirements of the business.

We will, through a visit to the insured's business address and discussions with senior management, undertake a full review of the businesses operations and financial performance. We recognise that management time is limited and our approach is designed to secure all the information we require with little disruption to the management team's routine. Therefore, in advance of this meeting, we will send the insured a short list of the information we are likely to require during our visit.

During our site meeting we gather business and financial information which enables us to:

Understand the business, its key risks and how operations would be affected by unplanned disruption

Confirm the amount and type of Business Interruption cover the organisation needs to protect against loss of revenues and increased costs in the event of unplanned disruption

Calculate the correct sum insured and maximum indemnity period needed to avoid both under-insurance (which will reduce the recovery of losses suffered) or over-insurance, to avoid the payment of unnecessary excess premium

Identify the areas of business activity that may benefit from bespoke policy extensions including those addressing:
• Failure of suppliers or customers
• Failure of public utilities (e.g. gas, water and electricity)
• Denial of access and loss of attraction

Assess the organisation's current Risk Management and Business Continuity Planning measures and provide practical guidance where appropriate.