Even before the pandemic, determining business losses required careful investigation by a team of specialists to establish the fiscal well-being of a company and the factors that contribute to its overall financial health. Last year, many companies were forced to close, at least temporarily, adjust their business operations and adapt to unknown and uncertain conditions.

The latest Insurance Speak podcast examines how COVID-19 has affected business interruption loss calculations and the factors forensic accountants, claims adjusters and others will be considering as part of a BI determination. Simon Oddy is a partner with Baker Tilly, an international tax and advisory firm, and has extensive experience handling large, complex losses, fraud, liability and cyber claims across six continents.