Commercial Theft
 

At first sight, the consequences of a commercial theft may appear to be a straightforward matter.  They seldom are!

Firstly, insurers may repudiate the claim entirely if security requirements or policy conditions (usually small print in the policy) have not been fully complied with. 

 
 
Secondly, their Loss Adjusters are likely to make thorough enquiries into the financial health of the company, the proprietors and all other personnel before recommending acceptance of liability and considering the claim. What would happen if a seasonal range of stock or specially ordered components were stolen?  If they cannot be replaced immediately then their sale is lost.  The cost value might be recoverable from the insurers but what about the profit that those items were going to earn?  The goods and overheads have to be paid for - what with?  The whole situation quickly becomes a nightmare.
 

Computers are increasingly a target for thieves.  Their theft means the loss of vital records if data has not been saved.  Replacing hardware and software takes time and money, meanwhile, sales or production are being lost. 

To establish a stock loss, insurers may insist on a full stock reconciliation exercise.  All invoices and proof of purchase documents will have to be cross referenced in the formulation of the claim. 

 
This is no easy task and hours of expensive management time, better used in running your business, will be required.  The Loss Adjuster will NOT assist you in this exercise.
 
 

The LOSS ADJUSTER is employed by the insurers to look after THEIR interests - NOT YOURS.  At a recent lecture, the INSURANCE OMBUDSMAN himself told his audience of Loss Adjusters, "... its easy to see why people are wary of Loss Adjusters.  You always tell them how independent you are but, when there is a problem, you always weigh in favour of the insurance company".  One Loss Adjuster has openly stated, "...I've never been able to subscribe to the idea of impartiality.  If I'm paid by an insurer, I cannot be impartial".

The insurer's Loss Adjuster is a professional,  the policy is a legal contract.  To protect you and your company by obtaining every penny you are entitled to, you must have professionals on YOUR side.  SALMON ASSESSORS are THE acknowledged professionals.
 
Tel: 020 8346 6060
Salmon Assessors
info@insuranceclaims.co.uk
    Personal Injury?
Let us Help you?
When you suffer an injury which has been caused by someone else, you are entitled to be compensated.
 
     Subsidence?
Let us Help you?
Your home is probably your main asset. Structural faults will have a seriously detrimental effect on its value. Remedial works, if not carried out properly, will be noted by the buyer's surveyor when you try to sell and will either put them off completely or result in a substantial price reduction It is important that insurers are notified immediately you suspect a problem.