It is impossible to tell you at this stage how long the insurance company will take to pay your claim. What we can say is that the solicitor will work hard on your behalf to hold the insurance company to account and make sure that they pay you as promptly and as efficiently as possible.
No Win, No Fee is a term used to describe an agreement between a Solicitor and a Claimant. It states that in this instance, the Claimant cannot be charged if their Business Interruption insurance claim is unsuccessful.
However, if your case is successful the solicitor may take up to 25% of the compensation awarded, although this will be subject to your individual circumstances and the actual fee may be more or less than this.
In some circumstances the solicitor may wish to insure the case with an “after the event” insurance policy, this will be done on a case by case basis.
In the circumstances where a Claimant cancels an agreement outside of the ‘cooling off’ period or is not co-operating, they could be charged a fee that is reasonable in the circumstances, reflecting the work undertaken by the Solicitor.