Insurance Focused Quantification
Roper Valuation offers specialized insurance related quantification services at every step of the insurance claim, dispute resolution, subrogation or litigation process to provide clarity and quantification of complicated insurance and financial issues.
Our true value lies in our unique insurance and forensic accounting experience and expertise including over ten years of insurance related risk, claim and valuation services. We work closely with lawyers, insurance brokers, insurers, adjusters and clients of all sizes to provide independent, effective and objective results.
We are dedicated to developing strong relationships within the insurance industry built on independent, credible and experienced support for our clients.
Take steps towards resolution today!
Book a No Fee Consultation
Book a Call
Business Interruption Claims
Business Interruption (BI) insurance can be critical to ensure that a business survives when disaster strikes. The core purpose of BI insurance is to insure against the loss of income resulting from damage suffered as a result of a variety of covered perils such as fire, wind, water damage and more.
However, there are also a number of policy forms and important extensions on the market that can expand beyond this core coverage such as Contingent BI, Cyber, Civil Authority, Ingress/Egress, Extra Expense, Accounts Receivable and more.
The valuation of any BI loss incorporates an analysis of many factors. Our involvement in business interruption claims includes the following:
- Review of the operations and how they are impacted by any loss
- Determination of the scope of impact resulting from the covered cause of loss, including the length of time the business is affected
- Consideration of the impact of both related and unrelated factors and industry conditions as necessary
- Detailed analysis of historical and forecast financial records
- Establishment of expected results, had the loss not occurred, versus the actual performance achieved
- Analysis and validation of additional costs incurred as a result of the incident
- Establishment of cost tracking protocols and procedures
- Application of applicable policy terms and conditions
- Coinsurance and insured value analysis
- Effective document management and presentation
Construction Claims
Physical damage or delays to any project can create significant financial impacts for all parties involved including owners, contractors, and consultants.
Our involvement in construction losses whether related to first party or third party losses includes the following:
- Valuation of income loss including Delay in Start Up or Advance Loss of Profits forms
- Analysis, valuation and validation of Soft Cost claims, including all delay related costs
- Compilation, categorization and validation of Hard Costs or Extra Expense claims
- Review of critical path and scheduling implications, including change orders and occupancy scheduling
- Consideration of the impact of both related and unrelated factors
- Application of applicable policy terms and conditions
- Effective document management and presentation
Property Damage Claims
Physical damage to property can be devastating for any business whether it be damage to a building, key piece of equipment, stock/inventory or contents.
Property coverage is the cornerstone of any commercial insurance program and can include a variety of policy forms such as Property of Every Description, Inventory or Stock Throughput, Equipment Breakdown, Cargo/Transit, Crime/Disappearance and more.
Our involvement in property damage claims includes the following:
- Establishment of cost tracking protocols and procedures
- Compilation, analysis and validation of all claim costs
- Creation and summarization of property values, including inventory records
- Creation and summarization of property values, including inventory records
- Categorization and presentation of claim related costs
- Application of applicable policy terms and conditions
- Effective document management and presentation
- Establishment of cost tracking protocols and procedures
- Application of applicable policy terms and conditions
- Coinsurance and insured value analysis
Reported Insurance Values & Coinsurance Analysis
A core tenet of insurance coverage is the concept of Insurance-to-Value. All parties to an insurance contract need to have a complete understanding of the values associated with the risks being insured. Often the claim process requires an analysis of the values insured compared to the actual values at risk at the time of the loss. Underinsurance can affect a company’s ability to recover the full extent of their losses.
Our involvement in analyzing reported values and the impact of coinsurance includes the following:
- Analysis of business interruption worksheets and other approaches related to limit calculations
- Review property or construction values, recognizing both Replacement Cost Value (RCV) and Actual Cash Value (ACV) approaches
Liability Claims
Business operations can unfortunately cause unintended loss or damage to third parties. Depending on the situation those third parties may have the ability to recoup their losses. When this happens it is important to have a clear and accurate understanding of the economic damages incurred.
Operations can cause liabilities in a number of ways including bodily injury, property damage, loss of use, product recall costs, environmental cleanup and more.
Our involvement in liability claims includes the following:
- Development of the methodology to measure damages
- Identification and quantification of damages
- Preparation of a preliminary damages analysis
- Determination of the scope of impact
- Loss of income valuation
- Detailed analysis of historical and forecast financial records
- Consideration of both related and unrelated factors and industry conditions as necessary
- Establishment of cost tracking protocols and procedures
- Compilation, analysis and validation of costs incurred as a result of the incident
- Categorization and presentation of claim related costs
- Effective document management
Ways to Learn More
3 Different Ways to Get Started With a Review