Sometimes BI valuation is a relatively simple task; the loss period is short, and revenue and expenses have been stable over a number of years. In other cases, however, it is the polar opposite.
All parties involved in a BI loss claim, adjusters especially, must have a basic understanding of financial accounting concepts to ensure the policyholder is properly indemnified for his or her loss.
All parties involved in a BI loss claim, adjusters especially, must have a basic understanding of financial accounting concepts to ensure the policyholder is properly indemnified for his or her loss.
Many claims professionals do not have the time or specific knowledge to properly and expeditiously evaluate a BI claim, especially in a chaotic catastrophic environment. Forensic accountants to the rescue!
Many adjusters do not have the time or expertise to properly and expeditiously evaluate a BI claim, especially in a catastrophic environment. A competent forensic accountant can assist.