Hancock Claims Consultants’ Post

If you find yourself in a position where you need to prepare a claim, you will also need a claim strategy. Good news: Our involvement in countless claims over the years means we have a long list of key things you need to think about before you decide the way forward. In this article, we have written 6 tips for contractors.

If you find yourself in a position where you need to prepare a claim, you will also need a claim strategy. Good news: Our involvement in countless claims over the years means we have a long list of key things you need to think about before you decide the way forward. Take a look at these 6 claims strategy tips for contractors:

In claim adjustments, understanding and adhering to local laws is paramount. A recent case illustrated this when a contractor's excavation adversely impacted neighbors. An engineering consultant, appointed by the project owner, quickly deemed the contractor responsible. Acting on this, the previously appointed loss adjusters accepted the consultant's assessment and prepared their report accordingly. However, when reinsurers requested our review, a significant oversight came to light: the consultant had not submitted a mandatory incident report to the municipality's safety committee. This gap in compliance underscored the need for strict adherence to regulations, as the absence of negligence or rule violation can significantly shift liability perspectives. Ensuring proper procedural adherence in every claim isn't just good practice—it's essential for maintaining professional standards. In the intricate realm of claim management, a reminder rings true: hire unqualified, brace for the fallout. Competence is the cornerstone of success! #Neshami #Kuwait #LossAdjusting #Claims #contracting #insurance

Does your broker provide you with a contract review service? A value-added benefit of being a Planned Cover professional indemnity insurance client is the contract review service offered by our legally qualified Risk Managers at 𝘪𝘯𝘧𝘰𝘳𝘮𝘦𝘥 by Planned Cover at no additional cost. In fact, our Risk Managers review approximately 1,300 contracts each year which gives them a good understanding of what’s happening in the construction industry. So, have you ever wondered what sort of contracts other construction professionals are sending through to us for a review? In this article, Contracts Advisor, Johanna Lawlor provides a brief insight into what she has seen so far over 2024: https://lnkd.in/gjSzfmeY

Typical payment clauses give the owner the right to withhold payments due to defective work, claims, backcharges, or other reasons that justify such action. #Contractors may also use these clauses with #subcontractors. This is the ninth blog post in a series on problematic #construction contract terms. This post focuses on compensation and payment clauses, and other posts will discuss weather, escalation, and oral modifications clauses. #constructionmanagement #constructionlaw #constructionindustry

What to look out for if your contractor or subcontractor is in distress. Important steps to take if your contractor is about to go out of business. https://lnkd.in/ggNUNZAF #constructionprojectmanagement #constructionindustry #subcontractors

Our involvement in countless claims over the years means we have a long list of key things you need to think about before you decide the way forward. In this article, we have written 6 tips for contractors.

Would you like 6 tips to help with preparing construction claims? Get helpful insight into the key things you need to think about. Will your claim succeed and do you have all you need? Find out more:

Our experience in working with claims strategy has given us helpful insight into the key things you need to think about. In this article, we have put together 6 tips to help with preparing construction claims.

If you find yourself in a position where you need to prepare a claim, you will also need a claim strategy. Good news: Our involvement in countless claims over the years means we have a long list of key things you need to think about before you decide the way forward. Read our Claims Class Strategy: 6 Tips for Contractors here: