Consequential Loss & Business Interruption

"It’s not all about heavyweight reports, it’s about responsiveness and reliability – which is what we get from Toppings."

Insurance Professional

Third party claims for consequential losses resulting from damage to business assets are similar to claims for personal injury - the difference being the nature of the event causing the loss.

Toppings can help to negotiate better settlements by providing jargon-free advice and support at any stage of the claim process. This might include a review of the claim, advice on evidence, alternative calculations with ranges of possible loss, reports for disclosure and expert evidence.

Experience tells

Extensive personal experience is essential when it comes to seeing the bigger picture and giving pragmatic settlement advice, writing clear, concise reports and, ultimately, performing in Court.

Our experts have specialised in loss of profits claims for over 20 years, and bring unrivalled experience and expertise to the delivery of our forensic accountancy services.

Reducing indemnity spend

Toppings’ senior experts, Mike Topping and Robert Hill, are regularly instructed to help insurers reduce spend in complex and high value claims for consequential loss of profits following major loss incidents.

We work with the insured and loss adjusters, applying our specialist experience and expertise to the two principal elements of first party BI claims:

  • Returning the insured to normal trading to minimise the depth and duration of loss
  • Assessing the unavoidable business interruption loss of profits

Our involvement does not replace but complements the work and role of the adjuster.

An early review of operational and financial records can be instrumental in identifying potential motive for fraud and the on-going involvement of a forensic accountant makes it difficult for an insured to exaggerate the losses claimed.