Business Interruption Insurance

We can help you calculate your losses for a Business Interruption Insurance claim

Business Interruption Insurance claims can involve complex calculations. Our expert team of Forensic Accountants can help you to calculate your losses so that everything is taken into consideration.

This includes identifying any hidden losses or costs incurred that you may not have realised you can include. We do the leg-work so that you can be sure your claim is as thorough and accurate as possible before presenting it to your insurer. 

Business Interruption Insurance calculations – How do they work?

Your policy will include definitions of how you calculate your losses as it will be different for each insurer. It is likely to involve:

• Reviewing how long you can claim for (the maximum being your indemnity period)
• Understanding how much you are insured for
• Calculating the gross profits and loss of revenue that you have suffered as a result of the pandemic
• Removing any costs that you have saved
• Adding any additional costs you have incurred, for example, increased operating costs

Free initial policy review

We and our partnered legal advisors will assess your policy completely free of charge for the key clauses that signify a potential claim. If we assess your policy and determine that you do not have a valid claim, we will not charge you for this advice. If we determine your claim has merit and can progress to the next stage we will then charge you a small fee for that review and agree a methodology to progress the claim, this could include:

• Working with you to calculate the value of your losses;
• Liaising with our partnered legal advisors on your behalf to agree the most appropriate way forward; and
• Checking to see if your cover includes Professional Services reimbursements. Our fees, all or in-part, may in fact be covered by your policy in helping you calculate your losses.

Get in touch to discuss your free initial policy review.

Why choose Azets?

Our Forensic Accounting team are highly experienced in dealing with a variety of legal claims, whether civil, criminal, corporate or personal. Whatever the size of your dispute, we can provide cost effective and independent analysis and advice.

Azets are a top 10 accountancy and business advisory firm with over 6,500 partners and specialists across our office network, we help people and organisations of all shapes and sizes save their time, work smart and achieve their goals. Our job is to give you the support you need so you can focus on what you do best.