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The Value of BDO Consulting

Experience

BDO Consulting professionals have substantiated and prepared some of the largest and most complex property and business interruption insurance claims in the United States and abroad. In addition to large complex claims, our professionals are frequently involved in property and business interruption claims ranging from $500,000 to $250,000,000 arising from fires, tornadoes, hurricanes, earthquakes, power disruptions, floods and boiler and machinery losses. Our professionals have also compiled numerous claims for business interruption losses arising from acts of civil authority, ingress/egress, physical damage to dependent properties and off-premises power disruptions.

Credibility

As a division of a national accounting firm that has served clients for nearly 100 years, BDO Consulting is a known entity to insurance adjusters and their accountants and insurance brokers. Our professionals are experienced in presenting claims to a variety of carriers, adjusters and accountants. With a reputation as a strong and credible advocate for our clients, our professionals have developed relationships of mutual respect with insurance company representatives that can serve our clients well in expediting a fair claim resolution.

Efficiency

Time is often of the essence in the insurance claim environment. The timely submission of a supportable claim may accelerate the indemnification process. Our claim team focuses on significant documentation issues immediately. We understand, anticipate and prepare for contentious issues. BDO Consulting's experienced professionals prioritize claim issues, recognizing the need to be responsive to our clients’ needs.

Knowledge

BDO Consulting insurance claim professionals are committed to continuous learning. Our professionals attend and lead professional education conferences on business interruption topics and share best practices. As a division of a national professional services firm, we provide our clients with critical industry insights.

Cost

Insurance company adjusters and their accountants require significant substantiation for large commercial property and business interruption claims. Claim support, methodology and calculations will be verified and challenged. BDO Consulting insurance claim professionals know the acceptable accounting standards for documenting commercial insurance claims, which contributes to efficient claim preparation.

We earn our fees on a time and expense basis. Insurance adjusters have accepted our hourly rates as reasonable under Accountants and Auditors, Claim Preparation or Professional Fee Coverage. BDO Consulting’s seasoned professionals assist clients in understanding their insurance policies and can help respond to numerous claim issues based on our experience.

Continuity

Significant commercial insurance claims may take several months to settle and therefore the continuity of service and the stability of the claims team are essential to a successful settlement. Many professional service providers have significant turnover issues, which can present a risk to the claims process. BDO Consulting partner involvement in each and every claim, as well as our professionals’ longevity of tenure with the firm, helps provide our clients with continued high-value service to facilitate favorable settlements.

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