Calculating Damages for Insured Claims
Part 9 of BVR's 2013 Online Symposium on Economic Damages
Tuesday, November 5, 2013
10:00am-11:40am PT • 1:00pm-2:40pm ET
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Fulfilling a claim against a "business interruption" or "time element" insurance policy involves a nuanced assessment of the complete picture of the claim, including the pre- and post-interruption value of the business and the nature of the interruption. While the methodologies used to assess these values are in many ways no different than those used in other business appraisal or lost profits settings, their proper application and analysis requires a knowledge of how these claims are made, processed, and reviewed. In part 9 of BVR's Online Symposium on Economic Damages, expert attorney and series co-curator Jonathan Dunitz will provide listeners with the insights necessary to perform a sound assessment of damages for an insured claim.
- Business Income (and Extra Expense) Coverage
- Lost Profits versus Business Income/Interruption Insurance
- Definition of policy terms
- Overview of policy structure
- Additional coverages
- Checklist for first 24 hours after loss
- Learn why insured claims are analyzed
- Learn how insurance policy structures and definitions can impact the damages analysis and what financial experts and attorneys should do to prepare for these factors
- Learn how non-standard nuances in policies can impact the assessment of damages
- Learn the best practices for assessing damages for insured claims
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