Proof of Loss Preparation Costs Coverage

Coalition's Proof of Loss Preparation Costs coverage pays for the cost of forensic accounting services, incurred with our consent, to assist you with preparing your Proof of Loss.

How do I quantify a business interruption loss, contingent business interruption loss, or extra expenses?

To submit a claim for lost business income or extra expenses due to a security failure or systems failure, you will need to provide a Proof of Loss. A Proof of Loss statement requires gathering information, calculating the amount of loss and extra expense, and providing underlying documents and materials that back up those calculations. This is typically done by hiring a forensic accountant.

Sub-limit may apply; Please read your policy for all coverages, terms, exclusions, and conditions.

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