Business Income
When a business is interrupted due to property damage, power outages or other reasons, we determine the income loss. To do so, we perform a detailed analysis of the insured's financial records, tax filings and industry data to ascertain the following:
- The level of sales and expenses that would have been earned or incurred during the interrupted period.
- Whether any external factors such as competition, pricing changes or industry changes impacted the operating results during the interruption period.
- Whether historical operations were consistent with the business conditions at the time of the incident.
- If the loss is permanent or if any income was deferred to a later period.
- If all policy provisions are accounted for.
We present the loss calculation in accordance with the terms of the policy and provide a detailed reconciliation of any differences between our calculation and the claim, provided a formal claim was submitted. To learn more, read about our some of our business income cases.
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Property |
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Business Income |
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Inventory |
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Financial Motive |
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Fidelity |
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Liability |
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Litigation |
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© 2006 Assurance Forensic Accounting CPAs, LLC |
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