Marcum LLP
Advisory

Business Interruption Claims

Watch and Money
 

Physical disasters involving hurricanes, fires, floods, or theft are extremely difficult events for a business. These types of intentional or natural disasters can be a defining moment in a company's survival.

Companies in these situations are overwhelmed by restoring business operations as quickly as possible and dealing with the aftermath of the events to avoid significant negative impacts on cash flow, revenue, and profitability.

For companies that purchased business interruption insurance, there is often frustration with the insurance company's speed and methodology in reviewing a filed claim. A company may be faced with having no experience or time in this disrupted period to prepare or file a claim.

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How Marcum can help?

Marcum's business interruption services provide a Company or its counsel with support from filing the initial claim to receiving a settlement with the insurance company. We work closely with Counsel and the Company's executive and financial teams to organize and complete documentation necessary to file a complete and timely claim.

We also work collaboratively with the insurance accountants to ensure they have all the information they need to perform their calculations. Moreover, we are experienced in understanding the types of documentation that will be necessary to produce a report with a company's insurance claim. Marcum is experienced in defending our computed insurance claims in settlement discussions and arbitration hearings with insurance adjusters, its forensic accountants, and counsel. A team of seasoned and experienced professionals in business interruption claims will be engaged to develop the estimated losses and a claim package that facilitates resolution with the insurance company.

How Can Marcum Help?

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Contacts

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James  Ashe, Advisory Services Leader, Advisory
Advisory Services Leader
Advisory
Melville, NY
NY

Francis  Brulenski, Partner, Advisory
Partner
Advisory
Philadelphia, PA
PA

Cecelia  Garber, Partner, Advisory
Partner
Advisory
Fort Lauderdale, FL
FL

David  Glusman, Partner, Advisory
Partner
Advisory
Philadelphia, PA
PA

Kyle Anne  Midkiff, Partner, Advisory
Partner
Advisory
Philadelphia, PA
PA

Gary B. Rosen, Partner, Advisory
Partner
Advisory
New York, NY
NY

 
Frank E. Rudewicz, Partner-in-Charge, Forensic Services, Advisory
Partner-in-Charge
Forensic Services
Advisory
Boston, MA
MA

Edward  Waddington, Partner, Advisory
Partner
Advisory
Philadelphia, PA
PA

Ricardo  Zayas, Partner, Advisory
Partner
Advisory
Philadelphia, PA
PA

 
 
 
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