Harris Balcombe LLP’s Post
More Relevant Posts
-
📄 Top Tips for Reviewing Your Insurance Policy’s Force Majeure Clause 📄 Is your business fully protected in the event of a force majeure incident? Regularly reviewing your insurance policy is crucial. Here are 5 key tips to ensure you're properly covered: 1️⃣ Understand your policy's stipulations. Policies can differ in definitions and coverage. 2️⃣ Look for exclusions. Pay attention to what’s NOT covered, such as geographical exclusions or gradual damage clauses. 3️⃣ Consult an expert. Getting advice from experts like Harris Balcombe can clarify your policy's details. 4️⃣ Consider indirect impacts. Ensure your policy covers losses from disruptions to your supply chain. 5️⃣ Include Business Interruption coverage. Make sure your policy covers losses from a forced shutdown. 👉 Protect your business by reviewing these tips! Learn more here: https://lnkd.in/e9QBRpCR #Insurance #ForceMajeure #RiskManagement #BusinessContinuity #PolicyReview #BusinessResilience
To view or add a comment, sign in
-
🔍 Common Misconceptions About Force Majeure and Insurance Claims 🔍 Many believe that force majeure events are automatically covered by insurance, but that's not always the case. Misunderstanding your policy’s fine print can lead to unpleasant surprises. 💡 Myth 1: All force majeure events are automatically covered by insurance. 💡 Myth 2: Invoking a force majeure clause guarantees compensation. In reality, insurance policies have specific definitions, exclusions, and conditions for force majeure events. Not all policies even include this clause! Avoid financial shocks—get expert advice from Harris Balcombe to ensure you're properly covered. 👉 Learn more: https://lnkd.in/e9QBRpCR #ForceMajeure #InsuranceClaims #BusinessContinuity #RiskManagement #Insurance #PolicyCoverage
To view or add a comment, sign in
-
🚨 Understanding Force Majeure in Insurance 🚨 In today’s unpredictable world, businesses face countless risks from unforeseen events that can disrupt operations and cause significant financial losses. One crucial but often misunderstood concept in insurance is force majeure. 🌪️ What is Force Majeure? Force majeure refers to extraordinary, uncontrollable events like natural disasters, wars, or government actions that can impact business contracts and insurance policies. 📌 It’s vital for businesses to understand how force majeure influences their insurance coverage and risk management strategies. Curious to learn more? Check out our comprehensive guide on how force majeure impacts insurance claims and coverage. 👇 🔗 https://lnkd.in/e9QBRpCR #Insurance #ForceMajeure #RiskManagement #BusinessProtection #InsuranceClaims #HarrisBalcombe #CommercialLaw
To view or add a comment, sign in
-
🌧️ Flood-Prone Homes: Essential Insurance Tips for High-Risk Areas 🏡 Floods can be devastating, both to your property and finances. If you live in a high-risk flood zone, understanding your insurance options and taking proactive measures is critical to safeguarding your home. From reviewing your existing policy to exploring specialised insurance like the UK’s Flood Re, there are many ways to protect yourself from potential flood damage. At Harris Balcombe, we help homeowners navigate the complex world of flood insurance claims, ensuring you get the compensation you deserve. 💡 Ready to protect your home? Read our full guide for essential tips and advice. 👉 https://lnkd.in/eSpxFY-V #FloodInsurance #HomeProtection #FloodRisk #InsuranceTips #LossAssessors
Flood-Prone Homes: Essential Insurance Tips for High-Risk Areas | Harris Balcombe
harrisbalcombe.com
To view or add a comment, sign in
-
🌍 How Climate Change Is Impacting Flood Insurance 🌊 With climate change increasing the frequency and severity of floods, homeowners are facing higher risks and rising insurance premiums. Extreme weather events—like heavy rainfall and coastal flooding—are becoming more common, especially in areas that were not historically prone to flooding. As insurers respond by tightening coverage and raising costs, it’s essential for homeowners to stay proactive. Conduct regular flood risk assessments and ensure your insurance policy offers comprehensive protection. 💡 Learn more about how climate change is reshaping flood insurance in our full article. 👉 https://lnkd.in/eSpxFY-V #ClimateChange #FloodInsurance #HomeInsurance #FloodRisk #ExtremeWeather
To view or add a comment, sign in
-
🌧️ What to Do If Your Flood Insurance Claim Is Denied 🏡 Dealing with a denied flood insurance claim can be overwhelming, but it’s important to understand the reasons behind the denial and take the right steps to appeal. Common reasons include insufficient documentation, policy exclusions, or missed deadlines. If your claim was unfairly denied, gathering additional evidence and submitting a formal appeal can help turn things around. For complex cases, working with a professional loss assessor, like Harris Balcombe, can make all the difference in achieving a positive outcome. 💡 Need help with a denied claim? Read our full guide to learn more. 👉 https://lnkd.in/eSpxFY-V #FloodInsurance #InsuranceClaims #ClaimDenied #HomeInsurance #FloodRecovery
To view or add a comment, sign in
-
💧 How to Lower Your Insurance Premiums in High-Risk Flood Areas 🏡 If you live in a flood-prone area, high insurance premiums can be a financial strain. However, by taking proactive steps like installing flood defences, you can reduce both your risk and your premiums. Measures such as flood barriers, sump pumps, and flood-resistant materials can help make your home safer—and potentially save you money. 💡 Want to learn more about reducing premiums? Read our full article for practical tips on lowering costs and negotiating better coverage with your insurer. 👉 www.voccall.com/floodprone #FloodRisk #FloodDefences #InsuranceSavings #HomeProtection #FloodInsurance
To view or add a comment, sign in
-
🌧️ Types of Flood Insurance: What Every Homeowner Should Know 🌊 Navigating flood insurance can be complex, but it’s essential for those in flood-prone areas. Understanding the differences between standard insurance, government-backed options like the UK’s Flood Re, and private insurers is key to ensuring your home is adequately protected. Flood Re makes insurance more affordable for homes at high risk, but it’s important to check the fine print, especially for exclusions and coverage caps. For more comprehensive coverage, exploring private options may be the way to go. 💡 Curious about your flood insurance options? Learn more in our full article. 👉 www.voccall.com/floodprone #FloodInsurance #FloodRe #HomeInsurance #PropertyProtection #InsuranceTips
To view or add a comment, sign in
448 followers