Understanding Business Interruption

Business Interruption (B.I.) is vital for organizations aiming to mitigate the financial risks of unexpected operational disruptions. It covers the integration of accounting practices and insurance policies, crucial for calculating losses, managing additional costs, and navigating through the period of interruption.

Key Components:

Basic Terms: Familiarize with key terminologies linking accounting and insurance, essential for understanding and navigating claims.

B.I. Calculation: Explore how to calculate B.I. losses, including considerations for extended interruption periods and extra expenses.

Industry Statistics: Utilize industry-specific statistics for setting realistic expectations and preparing for future disruptions.

Document Identification: Compile essential documents for claim validation, a critical step in substantiating financial losses due to business interruption.

This condensed overview equips businesses with the knowledge to enhance their preparedness and resilience against disruptions.

Presenter:  David Elmore, Jr., CPA, CVA, MAFF

Sponsored by: 

Approved for 1 hour General CLE credit

Free for Members!