Due to the importance of the situation, it is vital that you get a business interruption loss calculation right the first time round. A forensic accountant will have the experience and technical prowess to oversee the entire process on your behalf; from evaluating policies and indemnity period, to calculating expected and lost revenue.
Forensic accountants will act on behalf of claimants, loss-adjustors, or insurers to perform a robust investigation into the case to determine its validity, and, crucially, quantify the amount of damages incurred. The processes involved in an investigation will use a variety of complex accounting techniques to calculate losses and devise an action plan.
With the investigations complete, a forensic accountant will also be able to help in the negotiation stages, their goal being to achieve the best possible result for their clients. It is a truly all-encompassing service that takes the stress away from what will already be an incredibly difficult time.
Given that a business interruption loss calculation can be extremely complex, and the stakes high, it is essential to seek out specialist assistance from a forensic accountant at the earliest opportunity. The burden of proof will be entirely on the claimant, so it is important to leave absolutely nothing to chance.