I find this a strange question.
None of us know the aircraft, the size of 'bump' or where it is at the moment.
Where is your maintenance provider ?
Normally you would ring him and find out what the LAME has to say. A few photos would be requested and then he would come up with a plan and the options.
I would not be going to the insurance company at all just yet.
A leading edge 'bump' may need just a reskin, repaint or even a replacement....none are all that expensive.
It all depends on what he assesses any other damage to be.
This kind of thing can often be fixed in hours if it was in a fleet environment. Perhaps a few days if the aircraft was on commercial ops..
It all depends on who is paying the LAME... and if they DO pay.