What is a BP Claims Expert

7/27/11

Understanding why Members of Our Team are BP Claims Experts

This is an explanation from one of our Team Members

The claims process is an ever – evolving process. Things that were true three or four months ago do not necessarily apply to claims being submitted today. For example, if a business submitted a claim in September of 2010 through the Emergency process and received 200k, now they file an Interim claim and expect the same kind of results it will most likely not happen. The process has become more forensic and each claim requires more detailed analysis. A major part of that process is understanding the Growth Trend and how to calculate that trend. There are several different methods used to get to an accurate growth trend. Fortunately for us and our clients, we understand those various methods and we have the ability to explain those methods to the GCCF. Beyond the growth trend you get into the LOI percentage. This is one of the most elusive figures in this process. We have the ability to accurately calculate and explain this percentage to the GCCF and out clients. We have reviewed many claims and have been successful in assisting our clients recover more of their losses because of our understanding of these two aspects of the claims.

There are other issues with claims that have proven too difficult for many to overcome. One of these issues is the Trending Test that so many businesses fail. We have been able to overcome the failed trend test in several claims. Keep in mind that the trend test is a valid test, but there are different ways to perform that test that can affect whether or not a claim gets paid. While I could spend all day telling everyone what a great job that we do for I clients, I must end this letter and begin helping some of our clients. I would like to leave you with one though before I close. Think of your BP claim in this manner. If your car breaks down, where would you look to find someone to repair that car? You would not take that care to the person that handles your financial needs, you would seek an automobile mechanic. The BP claims process is best handled by BP Claim Experts. We have been involved with every phase of this process and have been proven to be BP Claim Experts. Our firm has also been approved by the GCCF as a source for accounting.