Forensic Experts Provide Data for Business Interruption Insurance Claims
Precise calculations for claimants and insurers to minimize the threat of fraud
Business owners realize that the greatest threat to their company is not being able to open for business. There are myriad reasons a company might have to suspend operations temporarily: natural disasters, civil unrest, fires, floods, power outages, and construction impeding access to the site, not to mention the government’s exercise of emergency powers. Knowing that such events could come at any time, companies purchase business interruption insurance. However, such claims are often subjects of controversy. Insurers fear fraud from policyholders seizing the opportunity to exaggerate their losses. At North American Forensic Accounting, we strive to bring clarity to this process. We assist policyholders and insurers who want precise calculations of losses to speedily resolve the claim. Led by experts in forensic investigation the NAFA team examines business records to provide clear evidence of the true amount due under the policy.
Why you need NAFA’s help with your business interruption dispute
When businesses file an insurance claim, a lengthy delay in payment can further jeopardize their operations. Submitting a roughly estimated claim without clearly documented support can raise red flags for the insurer, delaying payment and even resulting in a denial of coverage. What follows is often lengthy and expensive litigation that eats away at the value of any recovery. NAFA helps policyholders submit complete, accurate claims that facilitate approval. For insurers, our forensic investigators review claims along with business records. We’re highly trained when it comes to spotting the red flags of fraud, and we can respond with a precise assessment of insurable losses. No matter what side of the controversy you are on, NAFA services can save you time, money and frustration.In addition to our expertise in forensic analysis and fraud detection, our NAFA staff has industry-specific knowledge that provides additional insight. Our team has extensive experience accounting for companies in various sectors which include:
- Construction
- Manufacturing
- Retail
- Pharmacy
- Health Care
- Transportation
- Warehousing
Finally, if the claim goes to arbitration or litigation, our NAFA leaders can also serve as expert witnesses, providing highly professional testimony on our findings.Calculating business interruption losses is a combination of art and science. To ensure you get an accurate valuation, you should contact the forensic accounting experts at NAFA.
Contact North American Forensic Accounting for accurate business interruption calculations
As part of our comprehensive litigation support, North American Forensic Accounting calculates business interruption insurance losses for policyholders and insurance companies. To learn more, call us at 347-286-4860 or contact one of our offices online to schedule an appointment. Headquartered in Harrisburg, PA, NAFA serves clients throughout the United States, including in Philadelphia, Pittsburgh, New York City, Atlanta, Charlotte, Miami, and the Tampa Bay Area.