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The Impact of Claims and Recovery of Third Party Losses

Any company in business will be dealing with third parties. Invariably, businesses will suffer claims or losses that are due to their dealings with third parties. A company’s goods might be damaged or lost by a third party utilised for the transportation or storage of the goods. A company’s property might be damaged as a result of the actions of a third party. Such incidents can have a very detrimental impact upon a company and result in them sustaining significant losses though no fault of their own. This can be either through un-insured or self-insured losses such as deductibles or captive insurance arrangements as well as through an increased insurance premium due to a poor loss record. In any event, it is imperative for a company to try to minimise this detrimental impact by ensuring that claims are dealt with and resolved on the best possible terms and also in trying to obtain re-imbursement from any third party responsible for a loss.

Stean Shaw LLP can help. The expertise, contacts and relationships we have developed since being established in 1983 means that the team at Stean Shaw LLP is able to assist in minimising the quantum of a claim when a loss occurs and maximising the level of recovery from any third parties responsible for the claim. Where a company is un-insured or self-insured through deductibles or captive insurance arrangements, the re-imbursement obtained from third parties can represent significant income to the company. Where a company does have insurance, the claims exposure and loss record will be reduced and ensure that insurance premiums are kept to a minimum.

Since Stean Shaw LLP act on a “no win – no fee” basis, no charge is made by Stean Shaw LLP unless we succeed in obtaining a recovery from any third party responsible for a loss suffered by a company. Although resolving third party claims can invariably involve considerable time, trouble and complexity to be finalised, the steps needed to protect and implement a claim are usually straightforward, Therefore, a company has nothing to lose and everything to gain by using the team at Stean Shaw LLP to minimise claims and maximise recovery of third party losses.

	If you have any enquiries about Stean Shaw LLP, our services and fees, or questions on claims or recoveries, our team would be happy to hear from you through our listed contact details. Alternatively, to e-mail us, please click here.

For further assistance please contact Stean Shaw LLP, PO Box 283, Woodbridge, Suffolk, IP13 9BF
Telephone +44 (0)20 7480 7127, fax +44 (0)20 7265 1109 or email stean@steanshaw.co.uk