Misfortunes involving hurricanes, fires, floods, theft or misappropriation of funds can be defining events in a company’s survival. Companies in these situations are tasked to restore business operations as quickly as possible in order to avoid significant negative impacts on cash flow, revenue, and profitability.
For companies that purchased business interruption insurance, the actual act of filing a claim is often time consuming and unchartered territory. The speed and process utilized by the company’s insurance carrier often results in dissatisfaction and concern in regard to the actual value of the outcome.
At HKMP, our loss evaluation team, a division of our Forensic Accounting Department, has over 35 years of experience with not only carriers and claimants but also brokers, attorneys, risk managers and public adjusters who represent the Policyholder. We obtain a comprehensive understanding of your business so we can effectively communicate the loss sustained to your Insurance Carrier and assist in the process of negotiating the settlement of your claim.
Our team possesses intimate knowledge of both the financial accounting concepts and policy language to ensure that we maximize the potential recovery for your claim. We determine business interruption damages, and compile related documentation needed to achieve a fair insurance settlement in a timely manner. Our insurance claim services include the following:
Property Claims
• Business Interruption
• Contingent Business Interruption
• Extra Expenses Incurred
• Inventory and contents claims
Fidelity / Theft
• Employee Dishonesty
• Mysterious disappearance of inventory
Builders Risk Claims and Soft Costs Claims
• Soft Costs
• Construction Expenses
• Hard Costs
• Business Interruption
• Extra Expenses Incurred
If you would like additional information in regard to our offerings, please contact russkranzler@hkmp.com or 917-595-5925.