Frequently Asked Questions About Business Energy Mis-selling: SortMyCash and Our Solicitors Have the Answers
At SortMyCash, we understand that businesses have questions and concerns about energy contract mis-selling, hidden commissions, and the claims process. Our partnership with expert solicitors ensures you have access to the guidance and support you need to address these issues. In this article, we’ll answer some of the most frequently asked questions about business energy mis-selling, providing valuable insights to help you navigate this complex area.
Frequently Asked Questions About Business Energy Mis-selling:
- What is business energy mis-selling?
Business energy mis-selling occurs when an energy broker or supplier uses deceptive or unfair tactics to sell energy contracts, such as hiding fees or commissions or providing misleading information.
- How do hidden commissions in energy contracts work?
Hidden commissions are fees paid to brokers or suppliers by energy providers, which are sometimes not disclosed to the client. These undisclosed fees can lead to inflated energy costs and unfair contracts for businesses.
- How can SortMyCash and our partner solicitors help with mis-sold business energy contracts?
SortMyCash and our trusted solicitors can review your energy contract, identify signs of mis-selling or hidden commissions, and provide guidance on your legal options, including making a compensation claim on a No Win, No Fee basis.
- How do I know if my business energy contract was mis-sold?
Signs of a mis-sold business energy contract include undisclosed fees or commissions, lack of transparency, inadequate explanation of terms and conditions, high-pressure sales tactics, and unsuitable contract terms for your business needs.
- What is the process for making a claim related to business energy mis-selling?
The claims process typically involves reviewing your energy contract, gathering evidence of mis-selling or hidden commissions, and submitting a formal claim to your energy provider or the appropriate regulatory body. SortMyCash and our partner solicitors can deal with everything through the entire process, ensuring you have the support you need to seek fair compensation, which is on average £25,000.
- How long does it take to resolve a mis-sold business energy claim?
The time it takes to resolve a claim depends on several factors, including the complexity of the case and the responsiveness of the energy provider. Our partner solicitors will work diligently to resolve your claim as quickly and efficiently as possible.
- What compensation can I expect if my business energy contract was mis-sold?
Compensation for mis-sold business energy contracts can vary depending on the extent of financial loss your business experienced due to the mis-selling and how much energy your business generally uses. Potential compensation may include a refund of hidden commissions, which is an average of £25,000, although this figure does take into account businesses that use a lot of energy. In any event, the compensation recoveries can be considerable.
- Can I make a claim if my business energy contract has already expired?
Yes, you can still make a claim for mis-sold business energy contracts even if the contract has expired and we can claim back to 2008. It is still essential to act promptly and consult with SortMyCash and our partner solicitors for guidance, given that these hidden commissions are now being uncovered.
- Are there any fees for seeking advice from SortMyCash and our partner solicitors?
Yes, there is a charge from our solicitors on a No Win, No Fee basis. This can be either 30% plus VAT or 35% plus VAT, depending on the route of your claim. SortMyCash are paid direct from our partner solicitors for our services and this will never affect the amount that you are paid.
- What documents do I need to provide to support a mis-sold business energy claim?
To support a claim for mis-sold business energy contracts, you’ll typically need to provide a copy of your energy contract, any correspondence with the energy broker or supplier. These can be recovered from the energy supplier, if you no longer hold a copy.
- If my claim is successful, will it affect my ongoing relationship with my energy supplier?
A successful claim for mis-sold business energy contracts could affect your ongoing relationship with your energy supplier, although it is unlikely that they will turn down your future business. Nevertheless, it may affect how you see them if they have underhandedly hidden fees resulting in you having paid more for your energy. It’s important to remember that you have the right to fair and transparent energy agreements. If necessary, SortMyCash and our partner solicitors can help you find a new, trustworthy energy supplier that suits
Understanding business energy mis-selling and hidden commissions is crucial to ensuring fair and transparent energy agreements. At SortMyCash, we’re dedicated to helping businesses like yours navigate this complex area through our partnership with expert solicitors. If you have additional questions or need assistance with a mis-sold business energy contract, don’t hesitate to contact us. We’re here to help you secure fair compensation and better energy deals for your business.