We help you to avoid litigation and jump straight to resolution by investigating, recreating, and cataloging cleanup costs.Find Your Policy
What Forensic Accounting Involves
Our forensic accounting service is an essential tool in managing insurance claims. We surpass traditional accounting to investigate, justify, and prove damages that will aid in dispute resolution without resorting to litigation. Our expertise ensures that policyholders’ claims are thoroughly substantiated and compellingly presented to insurance companies for recovery.
What Forensic Accounting Involves
Our approach utilizes thorough investigation and dispute resolution strategies to uphold our philosophy that litigation is not a strategy and can be avoided, whenever possible, for insurance coverage matters.
For clients seeking to recover past expenses, our forensic accounting team excels at meticulously auditing and recreating historical cleanup cost records.
We systematically document and catalog current cleanup expenses by collaborating with vendors and consultants to accurately understand, register and transmit the scope of work and associated charges.
A critical part of our job is to differentiate between expenses covered under the policy and those outside the carrier’s obligation, ensuring clarity, justification, and expediency in claims.
When the time comes to present demands to the insurance company, we ensure that all materials are orderly, justified, and necessary to facilitate a complete and reasonable reimbursement. In a timely manner.
Frequently Asked Questions
Our forensic accounting services help to accurately quantify and justify your claim, increasing the likelihood of full reimbursement from insurance carriers.
Yes, our team is skilled in handling complex environmental claims with numerous carriers and allocations. We ensure all aspects of the cleanup costs are thoroughly documented and presented, at no additional cost.
Not a problem. Our forensic accountants are adept at reconstructing financial records, even when initial documentation is sparse or incomplete.
We collaborate closely with your coverage counsel to ensure that the claim is comprehensive and well-supported. We ease the burden of documentation and organization so legal counsel can focus on negotiation and settlement with insurance companies.
Our forensic accounting leads regularly liaison with your CFO and/or General Contractor tracking all invoice and payments regarding the insurance funded cleanup effort. Simultaneously, we provide complete cost packages to the insurance carrier(s) expediting their review for prompt payment. Our process ensures that monies are accounted for, and funded, in real time without burdening the resources and personnel of our clients in the midst of remediation and redevelopment.
Years in Business
Allows us to be the leading insurance archaeology and claims management firm in the country
We uncover hidden assets for our clients, and we excel at obtaining coverage for their environmental liabilities
Policyholder Clients Served
We only work for policyholders and property owners and do not offer our services to insurance companies
Historical Policy Database
Restorical has been collecting, analyzing, and cataloging historical insurance policies spanning the 1950s-1990s.
Our proprietary database with carrier-specific detail is leveraged for our clients on a daily basis