When the Stakes Are High: How Claims Preparation Strengthens Complex Insurance Recovery

When a business experiences a major property or operational loss – whether from fire, flood, cyberattack, or another catastrophic event – the recovery process extends far beyond physical repairs. For risk managers, a critical part of the recovery involves navigating the complexities of insurance claims, particularly when business interruption (BI) or time element losses are involved. One of the most powerful tools companies can use to support this process is often buried in the back of their property policy: coverage for claims preparation costs or professional fees. This coverage is often misunderstood, underutilized, or omitted entirely. In this article, we…