Claims for Loss of Earnings arising from Personal Injury and Business Interruption form a large percentage of reports produced by forensic accountants as part of legal proceedings. These claims can vary from relatively easy cases which quantify reduction or diminution of profits/ income arising from personal injury to highly complex claims for loss arising from supply of faulty machinery, contamination of products, breach of contract, inability to continue the operation of a business and a plethora of other events that give rise to such claims.
There is often a tendency to overstate or exaggerate such claims which can have serious adverse consequences for plaintiffs in the resolution and at court hearings relating to their claim.
It is sometimes overlooked that a Plaintiff is not alone legally bound to prove and vouch such claims, but also to mitigate plaintiff’s losses. Exaggeration on one aspect of such claims, can adversely impact or even cause dismissal on other genuine aspects of the same claim.
Considerable skill and judgement is required to compute and review projected income/ profits on which such claims are computed.
When claims are computed or reviewed, it is essential to take an overview on the losses claimed rather than producing reams of detailed calculations/ spreadsheets. The court and lawyers dealing with such cases will apply an overview in determining such claims as well as the detailed calculations where a detailed overview may show that the detailed calculations are unsustainable.
We produce detailed reports on behalf of plaintiffs and defendants featuring Loss of Earnings arising from Personal Injury / Business Interruption claims. These reports are in a format that facilitates court proceedings and the provision of Expert Evidence.
