Mitigating and Recovering Financial Impacts from the Coronavirus

While the final impact of the coronavirus is still unknown there is no doubt COVID-19 is having a dramatic impact on businesses and individuals.  Most organizations have already initiated their contingency plans for this scenario. Now is the time that organizations should be considering additional loss mitigation. Imperium can help as you work through these additional loss mitigation strategies.

Typical property policies require a physical damage trigger before a policy will respond. There are, however, instances where endorsements have been specifically structured for this type of event. Further, an organization may have additional policies that may respond (A supply chain policy may respond if a specific vendor does not supply a part and halts production). You should review your policy and talk to your broker or counsel for additional advice.

If you have or expect to have a financial loss, preparing a well-supported claim is critical to expediting and maximizing a loss recovery. Imperium’s forensic accountants have extensive expertise measuring economic losses, and bring insights and best practices to helping organizations focus their loss recovery strategies. If you would like more information about how we can help, please get in touch.

Resources:

Imperium One Sheet_Coronavirus-SDI Claims Support-1 Imperium One Sheet_Real Estate Owner Under Construction Loss Mitigation Checklist-Thumb Imperium One Sheet_Coronavirus-GC Strategy List-thumb

Download

 

Download

 

Download