Business Interruption Analysis
The difficulty and complexity of determining insured losses has grown more complex and increasingly difficult. As a result, major gaps have grown between policyholders' and insurers' views of policy entitlements.
At Huron, we help resolve insurance claims by addressing these complex financial transactions with the specific expertise and business acumen that are required to perform the needed property and business-interruption claim analyses. For policyholders, Huron helps level the playing field with insurers by delivering an expert, objective perspective on their claims. This includes an assessment of a case's strengths and weaknesses that allows management to understand the issues and have the information necessary for making decisions. (Please note that California Public Insurance Adjuster's Act (Cal. Ins. Code § 15006 to 15032) may affect the manner in which we are retained in California.)
The deep background that Huron's professionals bring in claims accounting, strategic planning, construction management, negotiations, and insurance coverage also enables us to provide valuable guidance on the documentation standards. Supported by our technical expertise and claims experience, you will be able to prepare and document a claim that will reflect the impact of your loss in the manner and format that your insurers expect and will understand.
More generally, insurance company representatives may not adequately recognize the magnitude of potential losses that can result from a "minor" event for today's lean-and-mean businesses. Our experience and expertise enables us to help you with the analysis and quantification of your loss event. We will tailor our services and relationship with management and insurers' representatives to meet your specific needs and to work within the culture of your organization.