Corporations and other enterprises can be presented with or required to compile and state claims for a variety of reasons. Examples include:

• consequential loss claims, loss or damage to property, or
• claims for loss of stock, loss of income earning ability

Whether the claim involves Loss or damage to property, Consequential losses or Fraud and Fidelity the underlying numbers and logic of the claim need to be carefully considered or closely analysed as is appropriate. Issues such as proximate cause, mitigation of loss and overall reasonability need to be considered. Alternative methods of calculation, interpretation of information and circumstances surrounding a loss need to be considered in deciding on the best course of action in dealing with or compiling a claim.

Forrisk provides advice to legal advisers (external and in-house corporate counsel), claim consultants, risk managers and claim managers and officers on the quantum of losses and provides recommendations on the approaches to claim negotiation, compilation and settlement.

Legal advisers, risk and claims managers or officers 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. Advice on whether further work on aspects of the loss is warranted and likely to be of economic benefit is also provided.

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