Subrogation
Dedicated legal service specialising in the recovery of
losses arising from property damage.
Recovery of the cost of damages to property caused by third
parties can be a lengthy and complex process involving major sums
of money. For the insurers and companies concerned, the key
requirement is to achieve satisfactory settlement as early as
possible and with minimum expenditure of time and resources.
Specialist expertise based on in-depth understanding of the
technical issues and legal procedures involved becomes crucial in
this situation.
Weightmans’ Subrogation team has extensive experience in this
area and provides consultancy services to a wide range of insurers,
self-insured companies and businesses in the construction, retail
and leisure industries. We regularly advise on claims ranging from
smaller amounts to multi million pound values, and have a
consistent track record in raising the percentage of successful
recoveries for the cases we handle.
We understand the issues that concern you most as a client,
particularly the commercial environment you operate in and the
financial pressures you are under. Whether as an insurer seeking a
rapid recovery of your outlays or a business subject to a large
deductible on your policy, we focus on your main objectives and
work closely with you to resolve every case efficiently and
effectively.
We appreciate the importance of frontloading the recovery so
that the claim can be pursued expeditiously. We therefore encourage
third parties to make early offers and instigate joint
investigations so that the claim can reach settlement or go to
alternative dispute resolution without unnecessary delay.
For insurers, we ensure that the recovery is run parallel to the
adjustment of the claim, enabling you to recover funds at the same
time as incurring your outlay, without waiting for final
adjustment. At the same time, we help you to reserve against losses
more effectively by bringing forward settlement dates and enabling
you to estimate settlement values more accurately.
In many cases, our recovery service can be run under a
collective conditional fee agreement, which provides you with a
risk free option. Both in terms of cost and delivery, we tailor our
service to your individual needs, providing cost-effective
performance without compromising quality and helping you to manage
claims in the most successful way possible.