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Regardless of whether your company is filing a liability claim for damages suffered or if it is subject to a liability claim against it, insurance coverage will play a significant role in the claim process. You must quickly gather information and make prompt decisions. Complicating matters, information must also be accessed from other entities without further damaging relationships that may already be tenuous.
Careful handling of casualty claims is of utmost importance in continuing business relationships. By their very nature, such claims are sensitive matters requiring experienced and professional management to avoid further straining relationships with third parties.
What Will You Say When They Ask What Happened?
In preparing casualty claims, it is important not only to have the appropriate information, but also to file the claim in a format commonly accepted by insurance companies. To gauge your company’s ability to handle the casualty claims process, begin by asking several questions:
- Can we quickly gather necessary information for filing the claim without damaging relationships with third parties?
- Do we have the requisite skills to calculate and review economic damages, including forensic accounting and forensic technology expertise?
- Do we understand the claims filing and preparation process to the extent necessary to accelerate insurance claim recovery?
- Will we require expert witness testimony?
Who's Looking Out for You?
Marsh’s forensic accountants, former federal prosecutors, and forensic technology professionals are experienced in investigating, calculating, and reviewing economic damages and — specifically in casualty claims. Our forensic accountants provide the information you need to make well-informed, timely decisions and help you to maintain business relationships after the claim is resolved. And, we provide information in a format commonly accepted by insurance companies, when necessary.
By engaging Marsh, you are hiring a company you can trust — one with leading credibility in the industry. Involving us from the inception of the investigation to the defense and submission of the insurance claim, helps enhance the credibility of your position and maximize the likelihood of full insurance recovery.
We are experienced in reviewing and preparing damages arising from:
- Third-party liability claims
- Product recall claims
- Product liability claims
- Professional liability claims
- Workers’ compensation claims
- Wrongful death claims
- Wrongful termination claims
- Mass tort claims
- Class action claims
Our multidisciplinary teams are experienced working with attorneys, insurance adjusters, law enforcement and regulatory agencies, and testifying under oath as both expert and fact witnesses. Supported by Marsh’s casualty professionals, we will assist in preparation of your proof of loss and work with your insurance carrier to help maximize your insurance recovery.
Because we understand the potential issues that must be handled with the insurance carrier from the start of the investigation, Marsh can save you time and money by ensuring that matters are handled properly the first time. Additionally, because we do not perform any attest or audit services for our clients, we do not have the conflict issues inherent in hiring outside auditors. Audit committee clearance is not required to retain us.
If you have any questions or would like additional information, please contact us.
Kroll, a subsidiary of Marsh & McLennan Companies, offers services that complement Risk Consulting's. Learn about Kroll's
financial investigations and litigation capabilities.
If you are seeking information about insurance and related services, please visit marsh.com.
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