LMI Group’s Claims Services division, Loss Management International ("LMI"), has been appointed to prepare the claims for several businesses badly damaged and/or disrupted by the fire at Harbour Town shopping centre on the Gold Coast last night.

The cause of the fire appears to be an electrical fault, but this is yet to be confirmed. The extent of damage is expected to top $1 million.

This fire is yet another example of the need for business owners to ensure that their sums insured are adequate and that they have full business interruption insurance.