Yes. A business with previous claims can still obtain insurance.

Claims history is one factor insurers consider when deciding whether to provide cover and on what terms.

What will insurers look at? #

They may consider:

• Number of claims.
• Type of claims.
• Amounts paid or reserved.
• Whether claims are still open.
• How recently the claims occurred.
• Whether the claims arose from the same cause.
• Whether corrective action has been taken.

A single large claim can sometimes be viewed differently from a repeated pattern of similar losses.

What information should I provide? #

Give Webber Insurance as much detail as possible, including:

• Date of loss.
• Circumstances.
• Amount paid.
• Current status.
• What caused the incident.
• What the business changed afterward.

Evidence of improvements can be particularly useful.

Will the premium be higher? #

It can be.

Depending on the claims history, an insurer may:

• Charge a higher premium.
• Apply a higher excess.
• Restrict part of the cover.
• Apply special conditions.
• Decline the risk.

Other markets may assess the same history differently.

Accurate claims information is important because insurers need the full history to assess the risk.