Insurance Claim Preparation
E2I2 Consulting Inc. provides commercial and legal clients with their insurance claim preparation for submission on to their insurers. The company focuses on the physical damage aspect of a claim as this defines both the physical damage costs but is also fundamental to the duration aspect of a claim, whether course of construction related delay in startup or business interruption related.
Just because a claim is "simple" does not mean it is easy or will not require considerable resources. E2I2 Consulting Inc. can help by providing the dedicated claim support staff needed to allow their clients to spend more time doing their actual job.
An insurance claim is also more than just a collection of invoices. A proper, complete insurance claim also includes:
- Background information to allow evaluation of the incident within the Policy being claimed under
- Definition of the scope of damage through testing and other assessment methods
- Definition of the scope of demolition required and support for differences between the scope of damage and the scope of demolition
- Definition of the scope of repair
- Assessment and valuation of non-claimable items
- Assessment and valuation of items replaced not "in kind"
- Scheduling and assigning costs to claim categories
- Ongoing progress updates and planned completion information
- Identification of key milestones and potential impediments
Many of these items require a knowledge of both technical, financial and insurance terminology and concepts. E2I2 Consulting staff are engineers, familiar with project, operational and maintenance demands. The company has a broad experience on the financial side as well and has worked with small private companies running simple financial systems through large multinational, publicly traded firms running complex and customized SAP applications. Finally, our staff are also experienced insurance personnel who have worked on both small and massive claims alike.
E2I2 Consulting Inc understands the needs of today's publicly traded firms and the due diligence and reporting criteria that comes along them.
Due to their size and required limits, industrial and oilfield companies often have to deal with multi-layered, subscription policies, as well as the needs of joint venture properties. For these companies, multiple claims need to be filed for the particular interest using the same financial data. Attention to the details of this presentation is paramount to avoid conflict or confusion in the insurance market.
A well assembled claim can speed the insurance process along, allowing the participants to focus on the issues and get them resolved. Whether a client is seeking to substantiate interim payments or just wants to conclude the claim, E2I2 Consulting Inc. has the proven record to assist its clients prepare their claims to bring the insurance claim to an efficient and effective conclusion.
Staff have experience with:
- Property
- Boiler and Machinery/ Machinery
- Casualty/Liability including:
- Environmental/Strict Liability
- Product Liability
- Liability arising from Negligence
- Wrap-up Liability
For more information please refer to our project list or contact us.