Sold at inception, BrokerShieldTM adds a bespoke bolt-on service to your business. Property rebuild sums will be calculated for you, and our policy health check on-site survey will allow you to get cover right first time by identifying physical failures in policy condition requirements. Good housekeeping at this stage should ensure the correct level of cover and any claim should then be settled without deduction or repudiation.
The BrokerShield service includes free claims handling up to the agreed value of the pre-paid service, depending on the tier your client has selected.
Any settlement amount exceeding this threshold will be subject to the percetage fee stated on the next page. Fees will only apply on a success-fee basis.
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A Policy Health Check is a service that involves visiting each commercial policyholder’s premises.
During the visit, we survey the property and identify areas of concern in relation to the conditions or warranties contained within the insurance policy. These warranties and conditions are critical, as failure to comply with them may threaten the validity of the claim.
The service is designed to educate policyholders and improve their overall understanding of their insured position. It compares to contractual requirements within the policy against the actual risks and covered perils present at the insured location.
This service can support both policyholders and brokers at policy inception or renewal by identifying opportunities for mid term improvements. These improvements help ensure the policyholder is in a stronger position so any future claims can be accepted in full.
The accompanying report provides practical recommendations to help reduce risk. Ultimately, policyholders benefit from demonstrating to insurers that they are responsible and proactive in managing their risk.
It also highlights potential problem areas before an incident occurs – issues that could otherwise lead to a claim being repudiated or significantly reduced.
Over a third of Building Insurance Claims are not upheld by insurers
Oakleafe provides the expert support your clients need to ahieve a fair outcome.
As one of the few RICS accredited loss assessing companies in the UK, we can support brokers and their policyholders by providing accurate building sums insured valuations prior to policy inception or renewal.
Asking a policyholder to estimate the cost of demolishing and rebuilding their property to modern building regulations, can be overwhelming and beyond their level of knowledge or experience. In reality, no two properties are the same and the total rebuild cost will vary significantly depending on the building type, construction, and individual specifications.
Calculating an accurate reinstatement value can therefore be complex. In many cases properties are undervalued, as a correct rebuild figure will often result in a higher premium.
This service can be rebranded and offered as a product by your business. As you know, it is ultimately the policyholder’s responsibility to obtain the correct reinstatement value. However, when this figure is incorrect, policyholders often perceive the issue as a failure of the broker due to inadequacies in the policy.
Yes. All clients have 24/7 access to our Claimtrack portal. This secure online tool allows you to view live progress updates, access all documentation & evidence and see automatic notifications on key milestones.
Our commercial team ensures accurate loss calculations for operational downtime and income loss, helping you maximise your settlement during a period of disruption.
Our claims team will review the details and contact you shortly. We’ll guide you through the next steps of your claim.
If you require additional information please call our free 24/7 claims consultation helpline on 0333 2101 999.
Please complete the form and one of our insurance claim professionals will call you back ASAP
