Money laundering and other economic crimes can cost an indemnity firm millions of cash as a result of dishonest stakeholders. It is therefore imperative to remain vigilant to suspicious claims as you conduct a follow up investigation to determine the legitimacy of the matter. This way, you will manage to compete fairly in this market thus optimizing the profits successfully. The following are tips to guide you in the insurance fraud investigations in Orlando Florida.
For starters, seek the services of a reputed private investigator to help you conduct the investigations. A renowned company with substantial experience in economic crimes will make certain that all claims made are genuine as they are in a position to detect red flags at any point. Conducting a thorough research of these companies is imperative as you will be giving confidential information hence requiring you to find a reliable company.
When researching the insurance fraud, make sure that you follow the law to the letter thus remaining within the legal framework. Discuss this with your investigators to guarantee that they lawfully conduct themselves to respect the rights of all individuals involved. This will allow your findings to hold in a courtroom hence gaining a legal ground to file a case.
Conduct a thorough assessment of the red flags to determine who and how the fraud might have taken place. This will form a framework for the investigation whereby you will be looking out for evidence to prove the claims. An initial assessment of the signs is therefore imperative when approaching the matter with viable reasons. This will enable your investigators to draft the questionnaires and the individuals to approach.
Planning for the investigations is imperative as you will manage to follow a schedule effectively. Document the order of events you are planning to undertake when collecting the information thus evading contradiction. Make certain you abide with the set regulations in Orlando Florida thus remaining on the safe side. Scheduling dates with prospective is important as you work within the timetable accordingly.
Examine the documents that the policyholders present when claiming for the compensation. Any clues on a falsified document should be scrutinized to make certain that one has not edited a receipt. Checkout for the fonts and uniformity in lighting to evaluate a genuine receipt or any other document. A fake affidavit or a signature can disqualify a claim and you need to have a third eye to detect such clues.
Interviews present vital information that will enable you to analyze the logic in a given claim. Ask simple questions as the interviewee warms up to hard ones hence creating a good rapport. You need to interview the clients and people within their social circles such as neighbors and colleagues at work hence getting clues on fraudulent claims. Interviews should be conducted in distraction-free environments to give the respondents peace of mind.
Finally, understanding the evidence is crucial as you plat to present it in a court of law. Information collected through interviews and examining different documents and money trails should be presented concretely. Your evidence must be authentic and specific hence evading any subjective assertions. This will hold up within the jury resulting in a favorable verdict.