Claim Preparation & Recovery Solutions

Deep experience helping clients navigate every type of claim - from property damage & business interruption to specialty lines

Property Damage & Business Interruption

To achieve maximum value from property and business interruption programs or various types of liability coverage, every facet of the post-event claims process, from strategy to record keeping, requires careful consideration.

Stout’s professionals offer forensic accounting and related services to policyholders, brokers, and outside counsel, helping to prepare, present, support, and resolve complex event-driven claims. Whether it’s property damage and loss of income claims under first-party property policies or third-party claims under a variety of liability policies, Stout has extensive experience with nearly every type of claim.

Stout’s policyholder clients, including many Fortune 500 companies, represent a broad spectrum of industries, such as power and utility, midstream and downstream energy, metals and mining, healthcare, hospitality, casino/gaming, food service and distribution, agriculture, retail, professional services, real estate, construction, and manufacturing. These clients have faced losses from a wide range of perils.

Pollution 

Stout’s experience in preparing complex and large-scale pollution claims for policyholders is unrivaled.  Often, a pollution event such as an oil release or chemical spill produces a wide range of damages to both the policyholders’ property as well as property belonging to third parties. In these instances, a variety of insurance policies could be triggered, including but not limited to Property, Commercial General Liability (CGL), Pollution Legal Liability (PLL), Owner Controlled Insurance Program (OCIP), and Directors & Officers (D&O) policies. 

Stout’s professionals work with clients to analyze, assemble, and appropriately bucket the costs they incur. Our professionals are also uniquely skilled in compiling a comprehensive claim package to provide to the client’s insurers, and this package clearly documents the client’s response to the event and outlines all associated costs with supporting invoices, contracts, and purchase orders. As a result, we help policyholders expedite and maximize recovery efforts across all relevant policies.

Construction 

Stout provides world-class expertise in the evaluation of construction claims through extensive financial and economic analysis to substantiate the quantum of alleged losses. Our proven combination of testifying experts and industry professionals has helped many leading law firms and their clients successfully resolve even the most complex cases. Stout also has a dedicated Construction Services team with decades of experience in contract negotiation, policy and procedures for cost control, claims avoidance, and more.

Cyber

Stout is a leader in the evolving cyber insurance coverage market. Our team includes forensic accountants, attorneys, and cyber risk management executive and thought leaders, who have been involved in assessing many of the most high-profile recent cyber incidents. Through this experience, and our strong relationships with insurance brokers, law firms, and corporate clients, we have gained a deep understanding of the key issues surrounding cyber coverage. Leveraging this expertise, we offer world-class claims consulting and valuation services to meet the needs of this rapidly evolving market.

Specialty Lines

In addition to property and casualty claims, Stout assists corporations and other entities with a variety of specialty claims. We offer a range of unique capabilities in gathering data, analyzing and quantifying losses, and conveying our analysis in clear, concise presentations.

Fidelity 

Stout’s experienced team of forensic professionals, including credentialed accountants, as well as valuation and finance professionals regularly assist clients that have experienced, or suspect, losses due to theft, fraud, or other types of asset misappropriation.

In instances where clients hold commercial crime policies, we have worked with client personnel and their legal representatives to conduct investigations, develop findings, and report to insurers within the parameters outlined in the responding policy(ies).

Our investigations include analysis and datamining of policyholders’ books and records, research of public records, and strategic interviews of persons of interest to uncover the truth. We assist policyholders with identifying the type of crime that has occurred, the date of discovery, and the associated facts that support the common policy standard that a reasonable person would assume a covered loss has occurred.

Cargo / Stock Throughput 

Stout has extensive experience developing and presenting claims for losses under cargo (inland and ocean marine) and stock throughput insurance policies. Our professionals are adept at valuing lost or damaged goods and inventory at all stages of the supply chain, whether they are raw materials, goods in the manufacturing process, or finished products in storage or transit.

When developing each claim, we carefully consider the unique circumstance of each loss, the valuation clauses of the policy, and the potential interaction with other insurance coverages. This thorough analysis helps determine whether the loss should be measured at cost, declared value, replacement value, market value, or sales price.

Stout has a proven track record of assisting policyholders to optimize recovery across all available insurance coverages by taking a thoughtful approach to preparing inland and ocean marine cargo, and stock throughput insurance claims.

Event Cancellation 

Stout has provided forensic claim preparation services for multiple canceled events stemming from the COVID-19 pandemic and beyond. We prepare and present a detailed, credible claim that supports full and fair recovery through a negotiated settlement in the shortest time possible. 

Product Recall / Product Liability

Stout is well-versed in calculating product recall and product liability claims, providing expert guidance to policyholders facing the challenges of defective or unsafe products. Our team assesses the financial impact of recalls, including the costs of recalling, repairing, or replacing products, as well as handling legal liabilities and associated expenses.

We approach each claim with a thorough analysis of the incident, the specific terms of the insurance policies, and any potential overlap with other coverages. This ensures accurate loss measurement, whether for direct recall costs, legal fees, or lost sales and revenue.

Stout’s experience enables us to help clients navigate the complexities of product recall and product liability claims, ensuring they maximize their recovery while minimizing the financial impact of these events.

Representations & Warranty 

Stout has significant experience assisting representations and warranties insurance (RWI) policy holders in assessing potential breaches and valuing losses arising from those breaches. Our team of certified public accountants, certified fraud examiners, and valuation experts has unparalleled experience in understanding the RWI claim process and helping our clients achieve successful resolutions.