Claims Preparation and Loss Recovery Strategies

This document is a guide focused on claims preparation and loss recovery strategies for organizations facing multimillion-dollar losses. It outlines the importance of having a comprehensive strategy and a dedicated team to manage the claims process effectively. The guide details how insurers engage experts, such as independent adjusters and claim auditors, to assess claims and ensure accurate adjustments. It emphasizes the role of project managers in leading documentation efforts and providing updates throughout the claims process. The document also discusses the evaluation of physical damages, the quantification of business interruption, and the complexities involved in multi-line claims. Aon's Claims Preparation, Advocacy and Valuation team is presented as a key partner in navigating these challenges, offering expertise in maximizing recovery from insurance claims. The guide concludes by highlighting the potential for fees associated with claims preparation to be covered under property policies, thereby reducing out-of-pocket costs for clients.