Product recall claims may involve first-party losses (or third-party losses where quantum is uncertain or not already agreed) where forensic accounting advice can be crucial in understanding the true loss.
We have the expertise and experience to build a thorough understanding of the relevant business in order to assess:
Business interruption losses during the recall process and any required production or sales downtime;
Direct costs of the recall, replacement and other additional costs and supporting evidence;
Potential future loss of profit due to, for example, reputational damage.
Please see below for an overview of just some of our industry experience.