Read the press release version here.
Other ways to fund your case
The FCA has lashed out at insurers who have failed to indemnify their customers, from business interruption insurance to professional indemnities. However, what a lot of businesses are missing out on is the most valuable (and most unused) insurance coverage available: Legal costs.
Legal Expenses Insurance (LEI) is an essential part of an insurance policy; most businesses are unaware that they have paid for legal expenses insurance – but if you make a policy claim it’s not your insurer who pays for the legal costs, it is every LEI premium that is unknowingly paid (and goes unused) that covers the legal costs of all the claims you have not yet made.
While your insurer is being investigated by the FCA for failing to provide you with coverage due to COVID-19, we encourage you to speak with one of our insurance experts who specialise in obtaining legal coverage. We can:
- i) Find out whether your insurer provides you with LEI;
- ii) Get your insurer to cover the legal costs of any outstanding, claims, debts or legalactions;
- iii) Bring a claim on your behalf (with our fees being met by your insurer); and
- iv) Recover the wealth that you have already worked for but have not retrieved.
Most businesses pay for insurance as a safety net (much like wearing a mask – it’s because you have to, not because you want to) but our specialists can help you use insurance as a weapon to break down the barriers between you and financial recovery.
How Berkeley Rowe can assist
Our insurance coverage experts at Berkeley Rowe can help you investigate your insurer to establish your insurance rights and take the necessary action to enforce them. We provide support to businesses who require indemnity, by utilizing their existing legal expense insurance coverage to attain financial recovery. In the face of litigation, Berkeley Rowe strives for client satisfaction by employing dynamic litigators and advocates to achieve the best results possible.