Invariably all policies contain conditions regarding the prompt notification of claims. It is therefore crucial that both you and your staff immediately report all incidents (including those that only involve third parties) that may give rise to a claim to Chadwicks. A number of claims have been repudiated on the grounds of late notification in that the insurers right to investigate or reduce the loss were prejudiced.
A fully completed claim form must be submitted immediately to Chadwicks with documentation substantiating the amount of the loss
Theft, Loss of Property and Motor Accidents must be reported to the Police immediately after the occurrence
All reasonable precautions must be taken to protect the property from further damage. i.e. act in principle “as if uninsured”
Never admit liability to Third Parties. All correspondence received should be forwarded to Chadwicks without delay
Vendors registered for VAT will be required to pay VAT to the Receiver of Revenue on claim settlements they receive. Sums insured must therefore include VAT at all times.