Vantis has an Insurance Services Team focused on the delivery of Business Interruption Claims Support. The team draws on extensive business interruption claims experience comprising loss adjusting and forensic accountancy disciplines.
We act for insurers, the insured, or claimants in business interruption matters and our approach is consistent towards all those we work for. Business interruption claims should be supported by sound, well prepared documentation and analysis. Whether assisting in the preparation of claims or analysing claims submitted by others, a thorough approach applies throughout all our work.
We have a professional, non-confrontational style that can be used effectively from the outset of the claim, or to address stalemate scenarios when negotiations have failed to reach settlement. We also recognise the importance of working in partnership with each insurer's advisory team, including loss adjusters and lawyers.
Our primary focus is to help minimise the business interruption loss, help the insured to recover, thus helping insurers to reduce their exposure. We understand that long, protracted cliams are costly for insurers and damaging to the insured business where a swifter recovery, and not a big claim, is the best way to secure long term viability.
Our approach is flexible and tailored to the circumstances of each claim. We can assist with short preliminary case reviews or engage fully and provide detailed support at all stages of the claims process.
The Vantis Forensic Accounting & Dispute Resolution team has extensive experience of dispute resolution and the provision of expert witness services; broadening the spectrum of support we are able to offer our clients.
For larger and more complex engagements, we benefit from an international network with over 1,200 Vantis UK employees and 11,000 HLB overseas employees providing a presence in over 100 countries. Our London offices alone are able to offer our clients fluency in 20 world languages.
We have specialist disciplines including internal and external audit, business recovery, restructuring services and corporate finance. This network size and capability provides exceptional depth which can be applied, where necessary, within the handling of specific claims.
We are determined to ensure our involvement adds value and helps achieve an acceptable settlement of each claim, as expeditiously as practicable.
Claims handled by team members:
- Acting for Insurers following a fire at a major distribution warehouse for a UK high street retailer.
- Acting for insurers in respect of a claim by a bank following computer failure on the foreign exchange trading floor.
- Acting for the defendants in connection with a substantial claim for loss of profits and a reduced selling price for the business following water ingress in a food outlet at a London railway station.
- Acting for a professional services firm in the investigation and presentation of a material business interruption claim.
- Acting for insurers following a fire which destroyed the UK processing facility for a large poultry farming business, leading to the settlement of a substantial business interruption claim.
- Acting for insurers following a multi million pound claim due to extended power failures at a critical location of a company providing just-in-time supplies to a major UK vehicle manufacturer.
- Acting for insurers of a train operating company following a rail crash and closure of the affected line.
- Acting for insurers following a series of machinery breakdowns at a continuous process paper and industrial board business.
Contact
If you wish to know more or would like to discuss how our Business Interruption Claims service can be tailored to your requirements, please contact biclaims@vantisplc.com.