Many businesses overlook this area, mainly because they are not aware that the opportunity for recovery exists.
Whilst it is usual for a business to be insured for any liabilities, often there is no insurance for their own losses. So, where damage and loss is caused to that business’ property by others, there is often either no insurance cover available, a large excess, or no proper mechanism to recover from the person who caused the loss.
This can include claims against contractors or other non-employed personnel, causing damage and loss through their actions or inactions.