ISO's CA 99 05 02 14, Business Interruption Coverage, is an endorsement which can be attached to the business auto, auto dealers or motor carrier coverage forms.
Sometimes BI valuation is a relatively simple task; the loss period is short, and revenue and expenses have been stable over a number of years. In other cases, however, it is the polar opposite.
The memory of last years unprecedented cat season is still fresh in the minds of most insurance buyers. Take a step-by-step approach to pinpointing risks and handling claims when loss is inevitable.
An informal poll of Manufacturing insurance pros reveals the top risk concerns of insureds, and just how intertwined the exposures in this market can be.
Many claims professionals do not have the time or specific knowledge to properly and expeditiously evaluate a BI claim, especially in a chaotic catastrophic environment. Forensic accountants to the rescue!
Many adjusters do not have the time or expertise to properly and expeditiously evaluate a BI claim, especially in a catastrophic environment. A competent forensic accountant can assist.
June brings us memories of days when as kids we’d find a shady spot to get out of the sun and heat, lay back on the grass, gaze at the clouds and daydream of ways to solve all the problems of the universe. Ah, the longing for those simpler times...