How We Help

How We Help Policyholders

Expertise is not just a measure of skill; it is a measure of performance. Whether it is a complex loss or a straightforward loss, a $100M business interruption claim, or a $10M product recall claim, Sigma7 RWH Myers will combine proven forensic accounting principles with advanced technology to get the result our clients deserve. We have developed models and systems that enable our team to work efficiently, accurately and consistently throughout the claims process. Whether the loss occurred overseas or around the corner, Sigma7 RWH Myers has successfully managed language, culture and currency challenges with praise from insurers, adjusters, auditors, brokers, and especially client-side personnel.

Sigma7 RWH Myers specializes in the assessment, quantification and presentation of losses to insurers. Insurance policies have become increasingly complicated and are challenging for all involved especially the policyholder. It’s more and more common to see overlapping perils, overlapping coverage extensions and overlapping interruptions, such as direct, contingent and/or service interruptions. Our objective is to relieve the burden on our clients while providing the expertise needed to achieve an equitable settlement and a smoother process for all involved. We utilize our proprietary tools to enable efficiency and accuracy, while connecting multiple parties around the globe to help expedite claim settlement.

We’re Sigma7 RWH Myers—a team of independent, specialized professionals with powerful tools delivering BIG results. 

Claim Preparation You Can Trust

The unexpected can, and does, happen. When the unexpected happens, resuming business is your focus and insurance recovery is ours. We specialize in helping clients through Business Interruption, Extra Expense and Property Damage and other claims. We use purpose-built technologies, moving swiftly to measure and document losses that deliver client results. 

Our professionals are not only experienced, we are committed to delivering the highest quality loss accounting value while sharing your sense of urgency in the face of a business interruption loss. We have full-service offices across the country and our work has taken us to all corners of the world. When you work with us you’ll get superior service and reliable results. It’s just that simple!

We provide extensive loss accounting services, spanning a broad range of insurance issues, exclusively to policyholders and their captive insurance companies. These services include loss analysis and claim preparation in the following areas: 
  • Business Interruption across all industry segments resulting from direct, contingent, service, cyber, supply chain, etc.
  • Business Interruption and Extra Expense
  • Property Damage
  • Cyber Attack/ Data Breach
  • Product Recall / Product Liability Claims
  • Builder’s Risk and Construction Audits
  • Fidelity / Employee Dishonesty / Crime Claims
  • Event Cancellation
  • FEMA Grant Recovery
  • Litigation Support / Expert Testimony / Expert Reports
  • Commercial disputes, litigation support and Mass Tort damages quantification 

How We Help Policyholders Recover

Immediately Following Loss
  • Notify Sigma7 RWH Myers along with your broker and insurer(s)
  • Prepare estimate of overall claim and evaluate deductible to ensure accurate reserves are set
  • Attend initial and subsequent claim related calls/meetings
  • Coordinate with internal personnel to establish information gathering and accounting procedures
During Claim Process
  • Create loss valuation methodology based on appropriate and available documentation
  • Establish claim filing and audit timetables for all aspects of claim to support cash advances
  • Set-up MyClaim, purpose-built claim management technology, to manage the adjustment process
  • Focus on client objectives and collaborate on claim strategy to ensure efficient and effective process
  • Identify and anticipate issues that may affect recovery and proactively research the relevant facts
  • Set standards of performance to ensure progress and milestone achievement
  • Prepare a clear insurance claim submission, including the basis for all calculations and the related supporting documentation in a format to expedite the adjustment team’s review
  • Identify strategic opportunities and communicate decisions to gain agreement
Settlement
  • Coordinate requests for information made by the adjustment team and focus on the intended purpose
  • Reconcile sometimes numerous iterations of proposed adjustments to the claim, organized and summarized by reason. Coordinate research and response to resolve issues based on the facts
  • Attempt to reach partial settlements as agreements can be reached
  • Leverage experience to advise during settlement and negotiation
CAT CLAIM CHECKLISTS

“We didn’t invent the insurance claim process, we just mastered the art of recovery.”

Business Interruption Values & Exposures

Sigma7 RWH Myers’ partners and professionals provide extensive loss accounting services spanning a broad range of industries and insurance issues. This expertise and knowledge of business interruption loss accounting help policyholders quantify their exposures and achieve accurate BI values.

Challenges in Calculating BI Values and Exposures

The BI Value worksheet captures summary financial statistics with the intent of calculating a consolidated BI Value for your entire organization. However, many policyholders do not fully understand the components that make up BI Value. The task of filling out a BI worksheet often gets delegated to finance or accounting personnel who may not be familiar with the insurance terminology or understand how the results will be used. Even when tailored to broad industry groups, a one-page BI worksheet will not accurately reflect your organization’s business model or financial results. The statement of values should meaningfully allocate consolidated business unit value contribution to each location that plays a role in delivering your product or service.
Do you and your underwriters understand your organization’s realistic exposure to loss?
An analysis of exposures should consider relevant factors such as supply chain, interdependent locations, business continuity and disaster recovery plans. The exposure analysis provides the necessary information to determine appropriate limits and sub-limits of insurance. This sets your BI underwriting submission apart to maximize the capacity competing on your program.

Our Service Solution

Our team can work with your organization to tell your story, differentiating your risk in the market to ensure the best information is available to all parties. We will collect, measure and report the information to that best represents your BI risks. The methodology used will be designed according to the specific needs and concerns facing our clients.
BI Values and Exposures studies typically fall within the following categories: annual BI Values, consolidated or by location, and annual BI Values by location with detailed analyses of the realistic exposures to loss. These exposure analyses provide quantifications of, and explanations for Maximum Foreseeable Loss (MFL) and Probable Maximum Loss (PML) exposures, as well as consideration of extra expense and contingent exposures.

Contact us!

For a no-obligation consultation with a Sigma7 RWH Myers Partner please complete this form and we will contact you to arrange a free consultation. We look forward to helping you improve the accuracy of your numbers and simplifying the process.
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