The insurance company is armed with expertise, and the insured is likewise entitled to engage its advisers and claims preparers to ensure it receives full indemnity on insured losses. Where a claim is complex or contentious, the skills of a Forensic Accountant can be invaluable to the measurement and substantiation of the losses incurred and the insurance policy response.
An experienced Forensic Accountant brings three key skills to insurance claims:
An understanding of insurance contracts and their application;
Sound accounting and financial analysis; and
The ability to present findings, economic evidence and opinions to a court standard.
