Has your business been affected and lost money during COVID? You could claim compensation
Thousands of businesses have been left without assistance during the COVID-19 pandemic after their insurers refused to help them.
60 Second Form | No Obligation
You may be able to make a claim if the following applies to you*
You took out business insurance between 2019–2020 and 2020–2021
Your insurers have rejected a claim
If you made any losses during the pandemic
You were forced to close your business in any way (both partially or fully)
If you had to reduce the capacity of your business to comply with restrictions
*subject to policy terms
How we process your claim
“Business interruption insurance is insurance coverage that replaces income lost in the event that business is halted or interrupted.”
Frequently Asked Questions
Possibly, if you decide to close your business to customers due to a fear of the pandemic, that may be viewed as a reasonable reason to claim. Finally, your business may have had to close due to lack of footfall due to lockdowns.
Yes, as the government grants are immediate help for businesses, and the government is aware that business owners will also be making claims against their insurance policies. You can still proceed with your claim with Barings Law.
This will depend on the terms of your policy, we have seem policies allow claims for loss of revenue, gross profit, cancellations.
Barings Law will pick through the wording on your insurance policy using our expertise. We will make sure that your claim is presented properly.
Yes – if you tried to claim yourself and were denied, you may still have a case. If your policy has a valid business interruption clause and you meet all eligibility criteria, then Barings Law will give you the option of bringing action against your insurer on a no-win-no-fee basis. The insurer might reconsider and pay out, or it can proceed to court, where a judge will decide.
Yes, you can still start the assessment process with Barings Law, but you’ll also need to contact your insurance company. You should request copies of your policy: documents, schedule, certificate and booklet, which they legally must give to you. Once you receive them, all you have to do is send them us and we’ll start your free assessment.
No, we operate on a no-win-no-fee basis. Starting your claim has no upfront costs. Charges are subject to your claim being successful and will come out the money we recover from your insurer on your behalf.
No – we operate on a no-win-no-fee basis. If your claim is unsuccessful then you won’t receive any money and won’t have to pay a penny. The only exception to this is if you have told us anything that was not true or misled us in any way about your claim.
Yes, the size of your business doesn’t matter, only the wording of your policy does.
We charge a success fee of 30% inclusive of VAT.
This will depend on the size of your claim and the caps on your policy.
It’s a very simple process. Once you have submitted our online form, we will contact you about the next steps.