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Assessment of consequential loss and business interruption claims
The challenge of business interruption and consequential loss claims is to provide a clear and concise presentation of the facts and evidence after thorough investigation and analysis.
If you are involved in a claim for loss of profits and/or increased cost of working you will need a transparent and clear analysis either to help in settlement or to pursue your case. Our brief is to investigate and analyse the situation and report on the outcome clearly so that it is readily understood.
Expert forensic accountancy advice must be timely and at a cost proportionate to the claim. This means not only dealing with claims quickly and effectively but also assisting through value-added services including:
- the ability to provide up to date technical assessment
- focused enquiry and research, and
- the application of industry knowledge (based on our extensive client base) in appraising loss claims.
Claims resolution
High quality forensic work is often central to early settlement, and can save both claimants and payers considerable time and money. As well as traditional settlements, we have substantial experience of providing expert assistance for mediation, arbitration and other alternative dispute resolution procedures such as expert determination.
We can combine our forensic skills and our expertise and experience of a wide variety of businesses and industries to assist in reaching a reasonable settlement.
Claims handling and claims settlement services
As an added service, we can include direct liaison and settlement negotiation with the insurer, the claimant or the claimant's advisers on matters of loss of earnings and profit. The process typically involves an initial appraisal of losses based on the documentation and evidence made available, following which an offer to settle would be submitted by PKF direct to the insurer, the claimant or the claimant's advisers. PKF would then handle the subsequent negotiations with a view to achieving a settlement on behalf of the instructing party.
If you would like to discuss how we can assist you please contact one of our team below:
Steve Habayeb
Hannah Fox
David Liddell
Mark Fairhurst | |
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