In the event of a fire at a factory, from whom does the insurer usually require notification to process the claim?

When a fire occurs at a factory, the insurer typically requires notification from the broker to effectively process the claim. The broker serves as an intermediary between the insured and the insurer, playing a crucial role in managing the claims process. They have the knowledge and skills necessary to ensure that the claim is reported accurately and promptly, facilitating communication and helping to gather relevant details about the incident.

The broker's involvement is important as they are familiar with the terms of the policy and can provide the insurer with the necessary information to evaluate the claim. Furthermore, they can also advise the insured on the next steps to take, ensuring that the proper procedures are followed, which can expedite the claims process.

In contrast, the insured is the person or entity covered by the insurance policy, but they may not always have the expertise or direct access to the insurer’s claims processes. The loss adjuster works for the insurer and investigates claims to assess the extent of loss or damage, while the loss assessor represents the insured’s interest, providing support in the claims process. However, the primary notification responsibility typically lies with the broker, aligning with their role as the liaison in these situations.