Builder’s Risk Claims
Imperium Consulting Group is your trusted partner in navigating the complexities of builder’s risk claims preparation. We are committed to simplifying the process, streamlining your recovery and ensuring that you receive the financial support you deserve while focusing on completing your project successfully.
Why Proper Builder’s Risk Claim Preparation Matters
Builder's risk policies are designed to safeguard projects from unforeseen events. However, an insured's loss recovery can be compromised or delayed if a claim is not properly prepared or if the insured lacks the resources to do so. Imperium recognizes these challenges and is here to help you secure the best result.
How We Navigate the Challenges of Builder’s Risk Claims
Challenges can emerge at every turn when preparing a builder’s risk claim, including defining the scope of loss, accurately substantiating costs incurred, distinguishing the claim from the base contract work and excluding costs from other claims. A successful financial recovery under a builder’s risk policy necessitates not only having coverage, but also expertise in preparing the claim. Imperium can help navigate these challenges and set yor business up for success.
Imperium’s Expertise in Builder’s Risk Claims
In the dynamic world of construction, even the most sophisticated contractors and project owners can find themselves grappling with one of the most complex and least understood processes: preparing a builder’s risk claim. This is where our builder’s risk claims consulting services come into play, simplifying the intricate and often convoluted landscape of builder's risk claims to help you maximize your financial recovery.
What Sets Imperium Apart in Builder’s Risk Claims
Imperium alleviates the unexpected burden of claim preparation on a project team after a loss. Our expertise in both construction project management and insurance claim preparation helps us establish the project's status at the time of the loss and prepare the necessary claim documentation for financial recovery. We identify all potential costs for recovery and handle the claim preparation work, allowing the insured to concentrate on completing the project.
Our Builder’s Risk Claim Services
After a loss, estimations of expected financial recovery under builder’s risk policies can vary widely, demanding significant management attention within an organization. Imperium understands this and is here to assist. We excel in substantiating and documenting a loss as part of a recovery strategy that allows an organization to focus on understanding the true project cost. Our team of professionals will document the scope of damages and repairs, estimate costs and quantify direct costs.
Imperium measures all losses, including extra expenses, expediting expenses, business interruption, soft costs and more.
Our team of builder’s risk claim professionals quantifies delays to support time-related costs, resolves issues caused by concurrent delays and assists in managing forecasts for project completion.
We implement procedures to track and document costs and establish communication protocols for project managers and insurance company representatives.
Imperium’s builder’s risk claim professionals validate and assemble cost and project documents in a format that supports the claim, including time and materials slips, repair contracts, change order tracking, delay costs and more.
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