Consequential losses

Consequential loss refers to the direct financial impact that occurs due to property damage. It extends beyond the immediate repair costs and includes additional expenses like temporary relocation, advertising, and lost sales and income.

1. Immediate Challenges: Imagine a historic building—a cherished local landmark—engulfed in flames. The timeworn structure succumbs to fire, leaving behind charred remnants. Within those scorched walls, a thriving bookstore once flourished. Now, it faces immediate challenges: closed doors, absent customers, and halted revenue.

2. Hidden Opportunity: Beyond physical damage repair lies a hidden opportunity. Our tailored coverage not only mitigates losses but also fuels growth. Think temporary relocation, renting a new space, and strategic advertising. These are the seeds of transformation.

3. Turning Adversity into Advantage: Lost income accumulates—the revenue that would have flowed during normal operations. But what if we harnessed these challenges? Imagine redirecting them strategically—rebuilding, rebranding, and reemerging stronger than ever.

At Specialist Claims Advocates, we specialise in turning adversity into advantage. Let’s navigate this together ensuring your continued success.