The business interruption and lost profit claim can be overwhelming in detail, scope and complexity. By definition, proving the amount of profits lost requires you to prove with reasonable certainty something that never happened. Understand the various methods for calculating lost profits and identify the factors that should be taken into consideration: management expertise, the availability of labor, availability of capital, the business plan and competition and markets. Learn to prove or attack lost profit models and use experts to tell your story.
- Adopt methods and standards for calculating lost profits.
- Set up a fact-finding plan of investigation, identification and proof of business activities.
- Understand policy language interpretation and court-imposed restrictions on the scope of your loss.
Presented at the RIMS 2014 Annual Conference & Exhibition
For information on the presentation, please contact:
Jeffrey (Jeff) W. Spilker, JD, CPA/ABV
Visits RIMS website for information on upcoming conferences