Preserve value when threat turns to crisis
Responding to a loss event raises a host of challenging decisions.
When companies face a setback, focus and attention are needed to alleviate the impacts and sustain business continuity. However, critical to recovery is receiving appropriate and timely insurance payments, which can be a time-consuming and complex process.
BDO’s Forensic Insurance & Recovery practice works on behalf of policyholders, providing an independent and objective perspective to quantifying, compiling, and substantiating complex insurance claims. Our long history of preparing claims is respected by underwriters, adjusters, and their accountants, and has allowed us to recover more than $20 billion for our clients.
In addition to post-loss services, we offer a proactive approach to recovery, leveraging insurance as a risk management vehicle to help companies protect their business in the face of disruption.
How BDO Can Help
We help quantify business interruption and property losses and assist clients in managing the claims process, ultimately reaching a fair and timely resolution.
In the event of a cyber incident, BDO can assist with the preparation of an insurance claim, as well as conduct cyber insurance gap assessments to identify potential areas of uncovered risk.
Our team represents both receiving customers of impacted product as well as the supplier. In certain matters, we assist in both financial recovery through the insurance policy, as well as by validating third-party claims from impacted customers.
In the event of a major catastrophe, BDO can help analyze and document physical and non-physical damage and navigate the complex claims process while management focuses on rebuilding and recovery.
We help companies transform their claims processes to create operational efficiencies and help eliminate unnecessary costs.
BDO helps companies manage insurance claims in the event an employee or non-employee steals or commits fraud.
We advise M&A buyers, sellers and insurers with the financial statement issues that are often the subject of claims under representations and warranties insurance policies.
BDO provides support throughout the claims management lifecycle.
Proactive asset valuation and business interruption value studies to support the underwriting process of binding insurance and the evaluation of business continuity plans.
Assistance through all stages of claims preparation, from analysis to documentation to resolution.
Quantification of Financial Losses
Analyze financial losses and present damages in insurance claims and dispute proceedings.
Guiding a National Food Supplier Through a Major Recall EventJanuary 23, 2023
BDO took what felt like an unmanageable, black swan event for this ingredient supplier and guided them on a path to financial recovery and certainty.
How a Destination Resort Recovered From a Devastating FloodJanuary 23, 2023
After being presented with a detailed, fully supported financial model of the claim, the Insurance Company increased their settlement offer by nearly $40 million.
Insurance Risk & Recovery Insights
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