Business claims and especially indemnity insurance claims can be difficult to deal with but at lastthe secret to Professional Commercial Claims help is revealed. According to the latest statisticsprofessional liability claims are at an all-time high and currently, four times as many of these types of claims are filed as before the financial crisis. Almost half of all business owners will need to file a professional commercial claim at some point so the risks are quite high. 

As a rule, the secret to Professional Commercial Claims is to not admit liability and to file on time. Providing proper documentation and keeping in mind that you must follow procedure when filing is also important. Knowing your policy is essential and especially when it comes to Professional Commercial Claims you should always know the exact extent of your coverage.

Read your policy and if anything is unclear refer those questions to your insurance company. Finally, make sure you have the right kind of help on your side. Hiring a Loss Assessor such as Oakleafe Claims Scotland to help with a Commercial Claim can make the process easier as they make sure all the insurer’s requirements are satisfied properly.

What are the most common Professional Commercial Claims?

When it comes to property damage the most common business insurance claims are for theft, fire and weather-related incidents. Water and freezing damage as well as losses caused by wind and hail, with some as a result of natural disasters, make up for a high percentage of all business claims.

Professional liability claims have been on a steady rise in the past ten years and are now at a new high although they are still not as common as property damage claims. When it comes to the complexity of claims, providing proof of damage after a burst pipe or a storm is easier than dealing with allegations against your professional integrity. Still, indemnity claims need not be so hard to handle and with the right coverage and the right kind of help, such as hiring a Loss Assessor like Oakleafe Claims Scotland, Professional Commercial Claims can be managed well.

What is covered under Professional Commercial Policy?

Most business insurance policies cover public and employers’ liability, professional indemnity, commercial property damage, and business interruption. Professional indemnity insurance protects a business against claims by clients for “negligent services” or “negligent advice.” This is where the client alleges that the hired service provider has caused them financial loss.

These types of Professional Commercial claims are usually more complicated because even a small mistake can have expensive consequences and the business is potentially at risk. Having indemnity insurance is the best way to protect any business and having the right kind of help when filing ensures you safeguard your business. Commercial property damage and even business interruption claims tend to be more straight forward although still require proper documentation for smooth processing.

The Secret of Filing Professional Commercial Claims

One thing which often leads to rejection of professional indemnity claims is that they must be filed while you are covered but the coverage has to do with the timing of the complaint made, not the timing of the work having been carried out. In other words, if you did work for someone in July but a claim by the client for the work completed is made in October then your policy must be active for October, not July in order for the Professional Commercial Claim to proceed. 

That having been said, if your client lets you know he isn’t happy with your work it may be wise to contact your insurer straight away instead of waiting for a formal claim to be filed. With property damage claims, on the other hand, a common mistake is eliminating evidence before a loss assessment has been made. Do not throw away any property after a fire at your office until the insurance company had a chance to verify your loss.

Mistakes do happen and especially in the financial industry, where calculations are part of the service, they are probably more common than people think. Reporting right away, even before a claim by a client is filed is the right thing to do but something you should never do is admit liability. First of all, admitting liability can be a reason for the insurance company to deny your claim and secondly, not all facts may be immediately apparent so it’s just common sense.

What to Expect After Filing a Professional Commercial Claim

As with any claim, what every claimant wants is that their case is settled as fast as possible with the best possible settlement for them. Filing a business claim can be a difficult process and documentation of damage is usually the key issue. You have to comply with the insurer’s requests for information and many insurers have detailed procedures when it comes to how claims are to be filed.

When it comes to indemnity claims it is best not to communicate with the client during the claim process unless contact is approved by the insurer. Hiring a Loss Assessor such as Oakleafe Claims Scotland can make all this easier because they deal with the insurer and make sure all their requirements are satisfied properly for a Professional Commercial Claim.


Claims can be rejected because of suspected fraud, lack of coverage or if they are not filed on time and some commercial claims are more complicated than others. The secret to Professional Commercial Claims help is never admitting liability and following proper procedures when filing. Hiring a Loss Assessor such as Oakleafe Claims Scotland can be a huge help with both property damage as well as professional indemnity claims and can go a long way in eliminating common mistakes. Always keep in mind that the insurance company is looking out for their bottom line, not yours.

The reason you have an insurance policy is for those unforeseen incidents occurring and when you have the right kind of help in place it’s then time to let those professionals guide you through the battle. Rest assured that having their help on your side eliminates mistakes and expedites your claim.