Financial and Legal Expertise
Financial and Legal Expertise
RusSurvey® offers financial, auditor and legal support services for the entire process of handling of non-marine and marine losses, or offers consultations on individual aspects of a certain loss case for the parties concerned.
Our recommendations are provided basing on the following principles:
- Presumption of the Insured’s good faith;
- Professional scepticism in evidence evaluation;
- Expert analysis of the contradictions revealed and actual data;
- The level of our involvement varies depending on the customer’s instructions.
Our experience and proficiency allow us to professionally fulfil various assignments of customers either as part of a loss adjusting team or by ourselves:
- Expert review of primary accounting documents and ledgers, with the view of confirming:
- the presence of damaged property within the territory of insurance;
- the compliance of damaged property with the characteristics of the objects insured;
- the Insured’s property interest;
- the compliance of the value of damaged property with the amount claimed as indemnity.
- Analysis of economic contracts, essential conditions and obligations, with the view of confirming:
- counterparties’ legal capacity;
- the compliance of the contents of contracts with the actual deals;
- liability, taking into consideration the existing limitations and restrictions.
- Analysis of the terms and conditions of insurance (reinsurance) policies and recommendations on policy liability for claimed events, including:
- legal interpretation of the applicable insurance terms and conditions, extensions and exclusions from coverage;
- comments regarding the applicability of international clauses in Russian realities;
- identification and tracing of differences between the original and reinsurance policies.
- Analysis of the scope of coverage, including:
- check of the adequacy of the sums insured and calculation of the underinsurance factor;
- check of the possibility to include VAT in the indemnity;
- explanations regarding currency legislation and currency clause application;
- explanations regarding the procedure of deductible application and limits stipulated;
- determination of the scope of coverage.
- Indemnity assessment, including:
- Property Damage loss assessment;
- BI, ALoP / DSU loss assessment
- Ensuring the exercise of the right to subrogation and recourse, including:
- claims handling activities;
- support for the process of exercising the subrogation (recourse) right in court proceedings.
- Extra consultations regarding:
- accounting methods;
- tax legislation;
- currency legislation;
- customs procedures during goods export and import.