Time Element and Delay Analysis Services
Our experts provide specialized time element and delay analysis services developed specifically for global insurance and reinsurance markets to bring clarity and resolution to some of the world’s largest and most complex claims.
We specialize in the resolution of Delay in Start-Up (DSU) and Business Interruption (BI) claims providing detailed analysis of construction progress to solve time-element issues within an insurance claim. Working collaboratively with policy holders and insurers, this resource is crucial for determining the correct durations for restoration periods and project delays so amounts claimed under time-element provisions can be calculated and agreed upon. This bespoke service is proven to resolve time-element claims efficiently, avoid disputes, and allow for potential mitigation strategies to be deployed, thus benefiting Insurers and policy holders alike. Our portfolio extends across multiple industry sectors including large-scale property, power generation, heavy civil / infrastructure, industrial / chemical, agricultural and oil and gas.
Delay in Start-Up (DSU)
DSU includes the loss of rental income, gross earnings, soft costs, and additional expenses sustained resulting from a delay in completion of an insured project. Through analysis of the project construction schedules and other progress related information our experts identify and segregate the existence of any delays unrelated to the incident. This ensures the DSU claim reflects only the delays caused by the incident and isolates them from delays that would have occurred in any event.
Our services assist in establishing accurate decision-making for loss mitigation, formulating potential and actual exposure considerations, and creating the foundations for a successful resolution.
Business Interruption (BI)
BI involves the loss of profit resulting from the interruption of a company’s normal operations due to an insured event. When an asset suffers an insured loss, it may take time to rebuild or repair and a claim can be made for the associated loss of revenue during that period.
Our experts use schedule analysis and industry expertise to define the period required to return the damaged property to the condition it was in prior to the insured event. This includes determination of any additional activities undertaken in the repair period including upgrades, betterments, maintenance, or any other activities unrelated to the incident.
Our services include:
- Forensic schedule analysis on delay claims under Builders Risk insurance policies with Delay in Startup (DSU), or equivalent coverage
- Timeline consulting for Business Interruption (BI) insurance claims, including the development of construction schedules for theoretical interruption periods where Insureds are not rebuilding ‘as-was where-was’
- Evaluation of concurrent delay sources and float
- Assessment of potential loss mitigation measures
- Construction project progress monitoring
