Firm Overview Video
Subscribe(Text for those without flash or javascript) Fulcrum's professionals are experienced CPAs, MBAs, ASAs, CFAs, affiliated professors and industry specialists Our expertise encompasses damages analysis, lost profit studies, business and intangible asset valuations, appraisals, fraud investigations, statistics, forensic economic analysis, royalty audits, strategic and market assessments, computer forensics, electronic discovery and analysis of computer data.
Insurance Claims
Why might I need Fulcrum's assistance?
Why we are better:
- Because our experts have experience with both policyholders and carriers, we have increased credibility and a better means of understanding opposing positions.
- Our experience enables us to quickly identify and resolve issues and challenges.
- Our claims experts are tenacious. Less persistent service providers do not obtain needed explanations or important records.
- Our claims experts utilize computer forensics and electronic discovery technology to recover data when paper records may not be complete, or when the initial computer systems may no longer be working. This allows our work to be more complete, and performed at a lower cost.
- If your claim cannot be resolved amicably, our claims experts have significant expert testimony experience and a proven track record in contested matters. Our claims experts' background in litigated matters permits us to comfortably and effectively operate where others shy away.
Most commercial insurance policies provide coverage for (i) lost profits which occur in connection with a covered physical loss, (ii) the added costs of getting the business reopened, and (iii) losses in connection with closures from actions of a civil authority. Some business policies also provide protection from "contingent" business interruption losses caused when key suppliers or customers experience a disaster that also affects your business, even when the physically-damaged property is NOT owned, operated or controlled by the insured. Often, the policy provides coverage for the cost of preparing these difficult-to-understand claims.
Business Interruption Services
Physical asset losses caused by many perils can also be difficult to quantify because the assets themselves have been destroyed, along with the business records that document the acquisition and cost of the assets.
These situations challenge practically any business. The business has enormous tasks to perform to get back on its feet. Getting insurance monies for the recovery effort is of critical importance, yet few insureds have the internal expertise to competently prepare a credible claim. A claims consultant can provide cost-effective advice that will increase and accelerate the ultimate recovery.
Insurance companies also face challenges. Fraudulent and overstated claims are an unfortunate reality. A carrier has the right to expect that claims will be well-documented, and sensible. Investigative accountants are often employed to ensure that claims are appropriate.