XClaim Business Interruption
Claim Assessment
When your business is interrupted, we calculate your economic loss
to get you back into business FAST
Download Our Brochure
Fast, Accurate & Cost-Effective
Claim Preparation & Assessment all in one service
Get Your Clients Back
on their feet ASAP
Industry Leading Streamlined
Assessment Processes

XClaim Assessment

Process & Turnaround Time

Step One

Receive Instructions

Step Three

Conduct Calculations and Review Claim for “Under Insurance”

Step Five

Submit final report recommendations for payment & advise on appropriate cover

Step Two

Make Contact with Insured, Understand their Business & Obtain Financials

Step Four

Discuss our calculations with the Insured

Step One

Receive Instructions

Step Two

Make Contact with Insured, Understand their Business & Obtain Financials

Step Three

Conduct Calculations and Review Claim for “Under Insurance”

Step Four

Discuss our calculations with the Insured

Step Five

Submit final report recommendations for payment & advise on appropriate cover

XClaim Assessment

How We Work

We commence all jobs within 24 hours and process all information received as quickly to expedite our work and minimize the Claim Assessment Time.

There is a ceiling on fees for claims below $20,000 which is made possible with our Streamlined and Efficient Processes.

XClaim Assessment

Case Studies

01.
Case Study 1

Reducing Costs for the Insurance Company

Background
This case study involves the examination of multi-channel production facilities and the impact of earning potential when part of a production facility is out of service.

Case details
A client had damaged a concrete mixing plant and their production capacity was reduced by 70%. A property loss adjuster was engaged to assess the property damage and provided an estimate of the loss of income as a result of the incident based on capacity. The XClaim team examined the actual production history of the facility and found that production volumes had been decclining and the plant was operating at approximately 50% of capacity.

Outcomes
The loss was estimated at $110,000 by the original assessor but had failed to take into consideration the excess period and actual trends. After examination of actual production trends, variable production costs and effors to mitigate loss. the claim was settled by XClaim for $38,250. The assessment fee was $800 and resulted in a saving of over $71,000.

02.
Case Study 2

Immediate Turnaround & Fast Processing

Background
This case study centres on a major weather event and the ability of XClaim to quickly process claims and explain subtleties of insurance policies, specifically prevention of access and power outage claims and periods of non-indemnity.

Case details
On 20 April 2015 a large storm cell passed over Newcastle and surrounding areas causing widespread damage, flooding and power outage. Many businesses were impacted by power outages ranging from 2-7 days.

Outcomes
On receipt of financial information from clients, XClaim quickly processed all claims, turning around assessments in an average of 1.2 days with assessment fees averaging of $225.

XClaim Assessment

Testimonials

UAA Insurance, George Grasso

We insure Cranes & Heavy Machinery and do whatever we can to minimize the downtime of our clients. Andrew and the XClaim Team are outstanding at delivering attentive service, rapid turnarounds and are very cost effective.
Claims Distribution Manager, Global Insurer

Xcelerate is one of our top service providers, they go above and beyond what is required and are people I have come to trust and rely upon.

XClaim Assessment

About Us


Andrew
Bassingthwaighte

BBus CPA


Andrew Bassingthwaighte (BBus CPA) qualified as an Accountant in 1990 and has extensive industry and insurance recovery experience. Throughout his time in the recovery industry, Andrew has assisted business to calculate and recover their loss of income and avoid the high cost of claim preparation and accounting fees.

This was the catalist to develop Xclaim.

Xclaim has assembled a team of accountants and support staff that are dedicated to getting businesses back on their feet fast.

Specialised systems, Efficient Workflows and Intelligent Processes are the core of that makes XClaim’s super quality outcomes.

Contact Us

 

Please contact us below if you have any questions or requests concerning our services!

We will respond to your message within 24 hours.