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Business interruption insurance indemnifies an insured for lost net income and continuing operating expenses during a suspension of operations due to a covered peril.
What we do key takeaways:
- Communicate with the client to understand the facts and circumstances of the loss.
- Request and review relevant books and records supporting the loss.
- Analyze projected performance versus actual performance pre-loss and post-loss.
- Prepare loss calculation.
Get in touch with our team today.
What is Business Interruption Insurance?
Business interruption insurance is designed to cover lost net income and continuing operating expenses when a business is unable to operate due to a covered peril. It ensures that a company can recover financially after unexpected events disrupt its operations.
What We Offer
When clients hire us to quantify a business interruption loss, we offer a range of services to ensure a fair and accurate settlement:
- Operational Financial Records Examination: We thoroughly examine the company’s financial records to understand the full extent of the loss.
- Interviews with Key Personnel: We interview key management, staff, suppliers, and customers to gather comprehensive information.
- Industry Data Analysis: We analyze industry data to determine how the event affected profits.
- Comparative Performance Analysis: We compare the company’s projected performance to its actual performance before, during, and after the interruption.
- Non-Loss-Related Event Examination: We consider any non-loss-related events that may have impacted actual sales during the affected period.
- Damage Calculation: We calculate damages solely attributable to the incident.
- Expert Testimony: When a claim is litigated, we provide expert witness testimony (deposition and trial).
