Insurers, Re-insurers and Commercial enterprises are presented with complex claims from a variety of cover and policy types. Examples include:

• Stock claims based on reconstructed accounting records under a Commercial or Property policy
• Consequential loss claims under general liability (non-marine), liability - marine, aviation and airport, product liability or Professional Indemnity policies
• Business Interruption claims under Industrial Special Risks, Construction, Business Pack or Scheme policies
• Loss of income earning ability claims under casualty policies
• Claims for loss or damage to property and consequential losses that are below policy excess values or uninsured

Whether the claim is for Material damage, Business Interruption, Consequential loss or Fraud and Fidelity the underlying numbers and logic of claim construction need to be closely analysed. Issues such as proximate cause, mitigation of loss and overall reasonability need to be considered. The numbers used to quantify a statement of Claim can be subtly manipulated to provide the best possible outcome for a claimant. Alternative methods of calculation, interpretation of information and circumstances of a loss need to be considered in deciding on the best course of action in dealing with a claim.

Forrisk provides advice to insurers, claim consultants, risk managers and their legal advisers on the quantum of losses and provides recommendations on the approaches to claim negotiation and settlement.

Insurers, Risk and Claims Managers may have instances where a claim has been adjusted and a second or independent opinion on the quantum of the loss is required. This may be in circumstances of a recovery action or other circumstances. Forrisk is able to review claims material and provide independent advice on the reasonability and accuracy of conclusions reached.

The details of our expert witness report services in matters where litigation support is required are outlined on the Litigation support page.