Helping a client quantify losses for an insurance claim after a fire
To assist an insurance claim, Ensors recently provided party expert advice to a client who operated in the adult care sector to help with preparing litigation and to quantify potential losses.
After a fire destroyed part of a property, the business faced significant disruption and a shortfall in compensation payments and further evidence was required to assess the ongoing effect of the restrictions on the business. Slow insurance payment meant a schedule for further properties fell behind.
Ensors created forecasts to calculate the loss and undertook a review of the business’s activities with supporting documentation such as business plans and board minutes which had been used to formulate budgets, cash flows and forecasts of development opportunities. In this way, the shortfall and the trading losses from the restriction in activities were quantified, including the opportunity cost foregone.
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