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RWH Myers

RWH Myers is an independent loss accounting firm that works directly for policyholders to achieve optimum claim recovery.

RWH Myers
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Experienced. Independent. Devoted to Policyholders.

Special Alert: We are servicing clients impacted by Hurricane Harvey out of our Austin office and will have people on the ground in the region as soon as accessible.

RWH Myers is committed to helping policyholders through complex business interruption and property damage claims. Our team uses leading-edge technology and methodology to swiftly develop thoughtful solutions that achieve measurable results. Our professionals are more than experienced. They are committed to delivering the best loss accounting services and value, sharing the Risk Managers' sense of urgency in the face of a business interruption loss. With full-service offices across the country, our work has taken us across the world. We are ready to help clients in the Houston area and anywhere else we're needed. For a free consultaion, click this link: https://www.rwhmyersinsights.com/consultation.html

Products 

  • Insurance Claim Preparation - Loss Accounting

    Property Damage, Business Interruption, Extra Expense, Cyber, Product Recall and Employee dishonesty claims have one thing in common- they all require accurate measurment, detailed documentation and in logical claim format. Experience and expertise is essential to a winning recovery, so selecting the right partner is vital. Loss accounting requires a working knowledge of insurance, forensic accounting and a good instincts. When it's done right, you will be made whole. When done wrong, you'll settle for less than you deserve.

    RWH Myers works by engagement on a time and expense basis. Our fees are eligible for cover under Professional Fees Coverage for claims work. Because we are independent, i.e. not affiliated with insurance companies or insurance brokers, there will be no surprise conflicts of interest.

    We devote our entire practice to loss accounting for policyholders!


    More Information » rwhmyers.com/Background.html

    Insurance Claim Preparation - Loss Accou...
  • Business Interruption Values and Exposures

    If you are like most companies, the annual ritual of filling out the business interruption worksheet is a nuisance administrative task. The worksheet is generally required by the insurance company to track changes in the business and may be used as the basis to price your program. Along with general industry knowledge, this worksheet may be the most important item that underwriters have at their disposal to price your risk. However, the worksheet is woefully inadequate to explain the intricacies of most businesses and is biased to err on the high side – which usually means a higher premium for you. For a routine that is regularly glossed over, the results can have some pretty substantial consequences.

    There is a better way and we can help!

    You need to supplement the ratable BI value with information to differentiate your business from the pack. Developing realistic, worst-case loss scenarios, known as maximum foreseeable loss (MFL) and probable maximum loss (PML)...
    More Information » www.rwhmyersinsights.com/biv-grade.html

    Business Interruption Values and Exposur...
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Publications 

  • Cyber Business Interruption

    Managing Cyber Exposures from the Inside Out Many companies are perplexed by trying to understanding their cyber exposures. They may understand the risk and the potential impact of a breach, but they simply don’t know how to measure the total exposure to the bottom line. More »

    Cyber Business Interruption
  • Checklist to Prepare for Business Interruption By: Christopher Hess, CPA, Partner, RWH Myers

    Learn how to prepare for Business Interruption losses by understanding the critical factors that lead to improved coverage and optimal claims outcomes. More »

    Checklist to Prepare for Business Interr...
  • International Claims Fallacy By: Christopher Hess, CPA, Partner, RWH Myers

    Resolving international claims does not require an international claim preparation presence. In this Insights Brief, we'll address the common concerns policyholders have regarding international claims and reveal what is actually required to getting the job done, quickly and correctly. More »

    International Claims Fallacy
  • Learn how to improve your BI Values! By: Christopher Hess, CPA, Partner, RWH Myers and Jeff Esper, Director of Marketing, RWH Myers

    If you have concerns about the BI Values that you've been reporting at renewal, this Insights Brief will explain where many policyholders are lead astray and how to get the numbers better reflect your exposure. More »

    Learn how to improve your BI Values!
  • Five Keys to Successful Claims By: Jeff Esper, Director of Marketing, RWH Myers

    Whether your company has suffered a partial loss or total loss, a flood or a fire, your insurance should make you whole. That's why you spend so much time and money to ensure your risks are covered. But it isn't automatic. Policyholders must properly prepare an insurance claim that can withstand a long and arduous adjustment process. As the experts at preparing winning insurance claims, we've outlined the five keys to successful claims to help risk management professionals succeed in this process. More »

    Five Keys to Successful Claims
  • Why Independence Matters for Claim Preparation By: Jeff Esper, Director of Marketing, RWH Myers

    Are you looking for expert help preparing your property damage & business interruption claim? Whether you had a flood, a fire or any other covered peril, hiring a skilled claim preparation firm will make the process smoother and result in a fair and timely claim resolution. There are many options to choose from but if you are looking for a firm that will have no conflicts of interest and is devoted to your needs and desired results, there's no better choice than the independent specialists at RWH Myers. This article explains why independence not only matters to your claim outcome, it is simply smart business. More »

    Why Independence Matters for Claim Prepa...
  • Hurricane Harvey Claim Response

    Tips to prepare for Harvey related insurance claims from the partners of RWH Myers. More »

    Hurricane Harvey Claim Response
  • Understanding Your Percentage Deductible

    RWH Myers is a forensic accounting firm that specilaizes in assisting policyholders with claim quantification after a loss. In a typical claim, your deductible should be pretty straightforward, but if you have a CAT claim with percentage deductibles, understanding your deductible can be a daunting task. A common misconception is that the percentage applies to the loss sustained when in fact the percentage deductible is a factor of the total insured value (TIV). The challenge with this method is that it’s variable depending on the size of your loss and your policy language. In this article, we explain what you need to know before and aft... More »

    Understanding Your Percentage Deductible
News: Insights 
  • What's in Your Claim? November 20, 2018 5:06pm

    Claim preparation is as much about being prepared, as it is the information you are preparing. Knowing ahead of time what the final claim should include will help expedite the process and avoid delays or loss of recovery. As to format, all claims prepared internally by the business should: Contain a comprehensive index Include thorough explanations of unusual circumstances and events Be easy to understand and evaluate Provide maximum supporting documentation The following generalized content...
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  • Thinking Through a Business Interruption Loss October 31, 2018 11:02am

    Think Backwards, Sideways and ForwardBusiness Interruption coverage is intended to reimburse the policyholder for the income lost or incremental increase of expenses experienced during the loss period. Though the application of this coverage seems straightforward on the surface, making a claim for business interruption is far from simple. In this article, we’ll walk you through what is covered under business interruption and how to think through a BI claim. Let’s start with how coverage appl...
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  • Shortcut to Calculating Percentage Deductibles September 24, 2018 7:44pm

    Depending on how it is described in your policy, the percentage deductible will likely depend on the accuracy of your reported annual business interruption values at each location. This can become a huge issue and will require a proper business interruption assessment at all impacted locations to establish the total insured value, TIV. The initial goal is to determine which locations will breach deductible - a factor of the number of days operations are down and the TIV at each location. The len...
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  • Time Element Claim Essentials June 14, 2018 2:51pm

    What is Time Element coverage? A property insurance term referring to coverage for loss resulting from the inability to put damaged property to its normal use. This type of coverage is called "time element" insurance because the amount of loss depends on how long it takes to repair or replace the damaged property. The best-known types of time element insurance are business interruption and extra expense coverage. Time Element coverage is intended to reimburse the policyholder for the...
    View this post

  • Cyber Business Interruption April 20, 2018 2:48pm

    Managing Cyber Exposures from the Inside OutMany companies are perplexed by trying to understanding their cyber exposures. They may understand the risk and the potential impact of a breach, but they simply don’t know how to measure the total exposure to the bottom line. Some of the costs associated with a cyber attack are not so bad, such as the linear calculations based on the number of records with personally identifiable information, PII. Take the current costs for credit monitoring, notif...
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  • The Preparation and Execution of a Big Claim February 1, 2018 11:01pm

    At RWH Myers, we often describe what we do as “claim preparation,” which refers to the tangible part of what we do, but there is so much more to our craft. When you have a "big claim," like the many companies that were impacted by recent hurricanes and wildfires, insurance placements are expected to respond. But just because you have a policy doesn't mean your claim will be prepared properly, quantified accurately and paid quickly. It depends on the preparation and execution of you...
    View this post

Web Site: www.rwhmyers.com 

Information

  • RWH Myers
    Marketing and Business Development
    200 W. Monroe Street, Suite 1575
    Chicago, Illinois 60606
    United States
    Map It »
    www.rwhmyers.com
  • Products2
  • Videos1
  • Images5
  • Publications8
  • News6
  • Last UpdatedDecember 10, 2018 2:03am EST

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