Insured Losses Under Financial Lines

Investigations for the high-stakes world of D&O, crime and fidelity and political risk

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Insured Losses Under Financial Lines

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Our financial claims expertise

We apply our expertise to a full spectrum of claims including crime and fidelity, directors and officers liability, political risk, and surety bonds. Our forensic accountants have broad experience of reviewing financial claims and are supported by our forensic technology colleagues who, with computer-assisted audit tools, can extract and examine large amounts of financial data. Where nonfinancial scrutiny is required, we work closely with our investigation team to provide background research and intelligence gathering. We can also assist with asset tracing and recovery.

Crime and fidelity

Insurers and their advisors retain our deeply experienced team to investigate, identify, and verify amounts claimed under a commercial crime package policy, fidelity policy, or financial institution bond coverage form. We scrutinize trails of financial data to evaluate the merits of the scheme and identify the facts and financial evidence necessary to accurately quantify the loss. Such claims typically arise from employee dishonesty, misappropriation, embezzlement, forgery, theft, robbery, or fraud. We also provide commentary on how to better prevent and detect future fraud.

Directors and officers

When a claim arises under a directors and officers (D&O) liability policy, we assist insurers in the review of the claim and the quantification of losses. Our evaluation may involve determining whether the actions of company directors have impacted the company’s value.

For competition cases, our economic knowledge and accounting expertise can assist in determining if a director’s actions were anti-competitive.

Political risk

After a domestic or international event triggers a political risk policy, adjusters and legal teams engage Baker Tilly to quantify the resulting financial losses. This usually involves a detailed review of current and historic market conditions, as well as future projections. We will also consider the contractual relationships of the various parties in detail in order to fully calculate the total loss of profits.

Surety bonds

In situations where a contractor experiences financial difficulty that threatens the successful completion of a construction project, surety bond coverage is typically invoked to protect the debtor in possession by financially assisting the principal, or by transitioning the project to another contractor for completion. When the principal under a surety bond contract is deemed unable to meet its obligations and is potentially heading into insolvency, our seasoned professionals have the expertise to quickly evaluate the principal’s financial condition for the surety. This expertise, coupled with our extensive experience in construction accounting, often proves invaluable to the surety in managing and quantifying the loss under the surety bond.

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