Page 11 - The Centor Difference

Large Building Contractor: Contractors All Risks Insurance Background: Water damage estimated at upwards of £50,000 was reported by our client at one of their construction sites. Problem: It appeared that the roof had been punctured numerous times during the installation of air conditioning units over several weeks. Because there had been multiple “events” the insurer was within their rights to apply a £2,500 excess to each single “event” and on this basis the amount of claim would be cancelled out by the application of multiple excesses. What we did: Through discussion with our client we were able to put together a plausible explanation which the loss adjuster finally accepted, reducing the number of “events” to four, triggering application of only four policy excess. Outcome: Our negotiations with the loss adjuster and our client ensured they received a claim settlement of £40,000, rather than zero!