Economic Damages/Insurance Claim Services
Referring a claim to BST?
BST’s accounting and valuation professionals are experienced in handling complex litigation as it relates to economic damage assessments. Attorneys count on our experts to assist both plaintiffs and defendants in quantifying and/or rebutting economic damages. Insurance companies rely on us to help defend claims against insureds as well as assess business income losses for insureds and/or claimants. Our damage experts have years of experience and are also Certified Public Accountants (CPA), Certified Fraud Examiners (CFE), Certified in Financial Forensics (CFF), Master Analyst in Financial Forensics (MAFF) and are Accredited in Business Valuation (ABV).
We can assist on a variety of business disputes, economic damage, and insurance litigation matters, both domestically and internationally, as follows:
Commercial Disputes
Our experts work closely with attorneys to understand the facts and help determine the appropriate methodology in quantifying or rebutting damages. We are experienced in simplifying complex financial concepts and models in a manner that a trier of fact can understand.
Professional Liability Defense
Whether it’s a Director and/or Officer of a company being accused or an attorney being accused of intentional misconduct, we can help determine a strategy to refute allegations on behalf of the insured. We can help determine whether the conduct was intentional or an event beyond the control of either party by conducting interviews, helping with discovery, and rebutting the Plaintiff’s damages calculations.
Business Interruption
We can assist with quantifying business income loss by analyzing components of an insurance policy, assisting in documenting the timeframe in which losses have occurred, analyzing historical operations, and determining the appropriate methodology for quantifying or rebutting a claim.
Shareholder & Partner Disputes
These disputes often require valuing a business or calculating damages pursuant to the separation of a business, allegations of mismanagement, diversion of funds and/or accounting irregularities. Our experts have provided consulting and expert testimony to successfully defend our reports and rebut other expert reports in court.
Additionally, our experts can help in the following areas:
- Breach of fiduciary duty
- Breach of contract
- Lost profits
- Construction claims
- Directors & Officers Professional liability defense
- Legal professional malpractice defense
- Representation & Warranty defense
- Subrogation claims
- Mergers & Acquisitions post-closing disputes
- Intellectual property litigation
- No-fault auto insurance claims
- Loss of use insurance claims
