Business Interruption and Insurance Claim Services

BDO Consulting's insurance claim professionals assist organizations in navigating the adjustment process following a loss, helping to produce timely and equitable settlements. We help clients understand the claims process, mitigate losses and quantify and document claims. Our professionals also help clients file interim proofs of loss in a timely manner to reduce their cash flow burdens. BDO Consulting professionals provide insurance claim services in several lines of insurance, including property and business interruption claims and pre-loss valuations, fidelity and employee dishonesty, product recall, surety, D&O and electronic computer crimes.

Our Services

Business Interruption
  • Identifying lost sales and customers
  • Attributing lost business income to direct physical damage
  • Establishing historical budgets trends
  • Evaluating budgets and forecasts
  • Analyzing economic factors
  • Assessing open orders/bookings
  • Analyzing indemnity period results
  • Evaluating comparables or yardsticks
  • Analyzing competitors
  • Identifying “hidden” extra expenses
  • Documenting extra expense mitigation and capacity
  • Evaluating potential credits for “make-up” deferrals and additional locations
  • Documenting reasonableness and necessity of continuing expenses
 Property Damage
  • Assisting in the determination of the indemnity period
  • Recommending appropriate recording mechanisms for the repair and replacement of record-keeping expenditures
  • Assisting in the determination of actual cash value (ACV)
  • Obtaining appropriate documentation
  • Compiling property-damage claims

Experience

Our professionals have substantiated and prepared some of the largest and most complex business interruption and property insurance claims in the United States and abroad. We are frequently involved in property and business interruption claims arising from fires, tornadoes, hurricanes, earthquakes, power disruptions, floods, and boiler and machinery losses. We have also compiled numerous claims for business interruption losses arising from acts of civil authority, ingress/egress, physical damage to dependent properties and off-premises power disruptions.

Other Insurance Claim and Risk Management Services

  • Fidelity bond claims
  • Director and officer claims
  • E-commerce claims
  • Surety bond claims
  • Product recall claims
  • Risk management
  • Appraisal and alternative dispute resolution

We understand the key components required in any insurance claims process are credibility, efficiency, knowledge, reasonable cost and continuity of service. Mindful of these factors, BDO Consulting makes sure they are part of the services we provide our clients during every engagement.