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ARXIS - Litigation Consulting
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August 2021


Business Interruption Claims:
Should a Forensic Accountant be Retained?

building fire

Most business owners buy insurance that covers the eventuality of some event happening that prevents the business to operate for either a short time or permanently. Examples include fire, earthquake, floods, etc. Unfortunately, when such a disaster occurs there usually follows an attempt by the insurance company to pay as little as possible. While this is somewhat expected, the vehemence and stubbornness of the insurance adjustors to revise their findings can be downright shocking. Most business owners give up and accept the insurance payment as full compensation. Others choose to hire a law firm to deal with the insurance company.

In simple terms an insurance claim for business interruption is an attempt by the insurance company to replace "what would have been" but for the disaster. There is a period for which business is interrupted (usually limited in the contract to a number of months). For that period the insurance company is theoretically to replace the profits that would have been earned. If there is a disagreement between the insured and the insurance company it is usually in how that lost profit number is calculated.

Before a lawyer is hired, consideration should be given to retaining a forensic accountant who has experience in such matters… (read complete article)

Service Profile:

Forensic Accounting Services
for Unfair Business Practices


Unfair business and trade practices involve a wide range of matters, such as business conspiracy, breach of fiduciary duty, misappropriation of trade secrets and other proprietary information, fraud, tortious interference with contracts, misrepresentation, and other oppressive or unconscionable acts or practices. Through an examination of financial records, a forensic accountant plays a vital role in uncovering facts that can support of repudiate an unfair business practice claim. Forensic accountants are uniquely qualified for this role because of their knowledge and experience in financial document analysis, accounting principles and auditing techniques.

Arxis Financial offers litigators exceptional forensic accounting support. With thousands of clients served over the decades, we have developed a depth of expertise in working with businesses of all sizes from many industries. This experience carries over significantly to our "Forensic Accounting" practice. Our services include reconstruction of accounting records, analysis of business transactions, document review and tracing, and expert witness testimony.

Arxis Financial's professionals apply detailed investigation and analysis that is necessary to uncover essential facts and provide meaningful insights. We assist attorneys in interpreting the data, and help counsel to understand and analyze events or issues. Expert analysis and conclusions are presented in depositions and trial at local, state and federal court levels as well as mediation and arbitration. This level of support can be a key asset in determining a legal strategy as well as reaching a reasonable and efficient conclusion.

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Chris Hamilton, CPA, CFE, CVA
Chris Hamilton, CPA, CFE, CVA
(805) 342-0749
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