General Claims Procedures
To complement the careful planning your Insurance Program. It is obviously necessary that in the event of an incident which will or may give rise to a claim, a procedure must be adopted for the proper and expeditious conduct of the claim.
By carefully following this procedure, the impact on your business operations will be minimized.
There are a number of steps which must be taken immediately:
- Report the incident to BFrank Insurance Brokers (or your insurer) by telephone, facsimile or email, wherever practicable, within 24 hours of the incident.
- Regardless of whether or not the claim has been reported or a loss assessor appointed, you must immediately do whatever is necessary to prevent further loss of life or property damage. For example:
Call the fire brigade, ambulance, police or other appropriate emergency services
If during business hours, ensure the evacuation, if necessary, of staff and neighbors
If critical machinery fails, commence investigations to locate replacement plant or services
Have a security company install boarding over smashed windows and, if appropriate, employ an overnight security watchman
Remove property which is exposed to further loss or damage to a more secure place if possible
Providing no danger to life or limb is involved, ensure the safe removal and storage of vital business records
- Complete all claims documentation as soon as practicable (ensuring your ABN No. and Input Tax Credit entitlement are included) and forward to BFrank Insurance Brokers with any supporting documents.
- Whatever the circumstances of the incident, do not admit liability even if you think you are at fault.
Your Insurer is entitled to deny a claim or pay a reduced amount if statements made by you or your employees prejudice the insurer’s position.
It is impossible to give guidelines for procedures to follow in every claim, simply because of the nature of accidents:
They cannot be predicted
They do not follow set patterns
However, the above general procedures can be relied upon to cover most circumstances.