The insurance claims process can sometimes lead to a dispute between the parties. When the numbers don’t add up, Baker Tilly cuts through the clutter to deliver independent financial analysis that sets the record straight. For more than 30 years, we have worked with insurance professionals, law firms and general counsel to determine the financial strengths and weaknesses of a case, including the sufficiency and reliability of evidence, economic assumptions, and the application of appropriate methodologies. From our decades of work in claims review, we truly understand the insurance market and the dynamics created by insurance policies and contracts. We are adept at working under tight deadlines that are often court-imposed. Analysis must be delivered efficiently and effectively, but without sacrificing accuracy or integrity. Most importantly, we understand the role our reports play in a case. As essential members of your team, our financial experts are well-equipped to uncover financial facts critical to any matter.
Working in venues around the world, we deliver expert witness testimony at trial, in hearings and depositions, in settlement conferences, in regulatory proceedings and in mediation and arbitrations. Our reputation for providing credible financial analysis is matched by a passion for financial problem solving and the delivery of analysis and testimony that withstand the toughest scrutiny. Our team of experts provides defensible financial analysis grounded in proven methodology and process in a wide range of dispute types, including:
In construction projects, contractors obligate themselves to specifications, schedules and price. Delays or changes can give rise to disputes over cost increases or performance, which may ultimately result in litigation. We help legal counsel uncover and quantify the economic implications in construction disputes. Our professionals calculate the cost of construction claims based on extra work, delays, disruption, cost overruns, contract disputes, fraud or contractor termination. We also work within the construction field on product liability issues and cases related to defects.
In cases involving personal injury or wrongful death, we evaluate and quantify lost earnings and benefits such as salaries, bonuses, dividends, pensions and share options within the context of an individual’s often-complex business and personal affairs.
We provide financial analysis in multidistrict litigation (MDLs) class action lawsuits of all kinds, including product defect, employee discrimination, wage & hour, shareholder actions, or other disputes. Our forensic financial experts perform economic damages analysis and financial reviews to calculate the value of proposed settlements.
We review and quantify losses in product liability and product recall cases in diverse industries, from food and beverage to construction products and more. We calculate the economic loss resulting from product failure, design flaw, recall and other similar circumstances, including the impact on supply chains. Whether the evaluation covers loss of profit or an analysis of increased costs, we have the experience to provide compelling, detailed analysis that can be used in the legal process or in commercial negotiations.
When a third-party liability claim is made, we help quantify losses in subrogation actions. We understand the differences between typical first party property losses and recovery sought in subrogation matters. We are well versed in the complex and often controversial calculation of lost profits and business interruption losses in cases of these types.
In cases of alleged fraud, fidelity or white collar crime, our experienced forensic professionals detect, document and present financial evidence. Our team includes globally recognized forensic experts, certified fraud examiners, accountants, and computer forensics technologists. We are assisted by sophisticated software and technology that synthesize electronic financial data to help us quickly detect potential fraud and quantify the associated financial damages.
When a professional is alleged to have been negligent in some capacity, their action or inaction can result in financial losses for their client or business associate. We have significant experience measuring financial losses stemming from negligence in a variety of professions, including medical, legal, construction/design, insurance and other professional services. We analyze the data, assess the root cause of the loss, and provide quantification of that loss that can be used in settlement proceedings, or as testimony in court.
We act as a forensic accounting expert on behalf of claimants and defendants in alternative dispute resolution proceedings worldwide, including both arbitration and mediation. Our experience includes working with the leading global arbitration institutions: