Envision Forensics & Business Valuations prepares independent expert reports assessing economic loss in personal injury matters, including loss of earnings, loss of business income, replacement labour and related financial impacts. Reports are prepared with clear methodology, stated assumptions and professional judgement.
Envision Forensics & Business Valuations can prepare expert reports assessing quantification of damages resulting from personal injury matters. For example:
You can be assured we will apply professional judgement and skill to your matter to deliver an outcome in accordance with professional accounting standards and instructions.
Economic loss assessments consider a range of financial impacts depending on the nature of the injury and the circumstances of the matter.
Assessment of past and future income lost as a result of injury, including salary, wages and employment benefits.
Assessment of the impact of injury on business profitability, based on financial records and structured analysis.
Assessment of costs associated with replacing the injured party’s contribution to business operations.
Assessment of the impact of injury on personal and business goodwill, including effects on reputation and customer relationships.
Assessment of capital losses arising from injury, including asset devaluation and changes in business capital position.
Assessment of the long-term impact of injury on earning capacity, taking into account career trajectory and market factors.
Business valuation concepts can be critical for the proper quantification of personal injury damages. Understanding how the plaintiff's accident has affected their business is paramount in estimating their economic loss. In matters pertaining to self employed claims, factors such as the following will need to be considered:
If you've suffered a personal injury that has impacted you financially, now is the time to do your homework.
This free downloadable checklist — Personal Injury Information Checklist — is a step-by-step guide outlining the initial documents you need to collect to effectively inform an Accountant and a Lawyer of your situation.
Discuss whether your matter requires forensic accounting or expert reporting for personal injury and economic loss.