TAS directly participates in the assessment of business interruption losses by clarifying the relationship between the insured material damage, the actual impact on business operations and the basis of loss quantification. In this class of business, the value of the adjusting function lies not only in the calculation outcome, but also in the ability to identify risks of prolonged interruption at an early stage, control the development of the matter and support the parties in implementing appropriate measures to mitigate loss.
Business Interruption
Assessment of business interruption losses based on operating data, accounting records, technical conditions and the link between material damage and the actual interruption consequences.
For business interruption insurance matters, TAS applies an approach that combines technical, operational and accounting/financial perspectives in order to assess not only the extent of impact on the business, but also the risk of prolonged interruption if timely control and recovery measures are not implemented. In these matters, the adjuster cannot be limited to data collection and calculation alone, but must also understand the technical condition, identify early bottlenecks that may prolong recovery, work proactively with the relevant parties and assist in shaping an appropriate response based on the realities of the matter.
TAS’s strength in this class lies in its ability to control the matter proactively, coordinate effectively with multiple stakeholders and apply specialist capability in the assessment and quantification of business interruption losses. In addition to personnel with technical, accounting/audit and BI experience, TAS is also able to connect and mobilise a network of contractors, technical service providers and other suitable resources, thereby helping to reduce the risk of prolonged interruption where the circumstances of the matter allow. This approach is particularly important in matters where the quality of the adjusting outcome depends simultaneously on technical understanding, adaptability in the field, coordination with multiple parties and discipline in the basis of calculation.