by Russ Lis | May 12, 2026 | Business Interruption Claims
Having well organized financial records ready before a business interruption appraisal begins can make the process more efficient and help support a clear, well documented claim. Start with several years of historical profit and loss statements, which help...
by Russ Lis | May 10, 2026 | Business Interruption Claims
Business interruption claims can be complex, and a few common mistakes can make the process more difficult or reduce the strength of a business’s position if the claim ends up in appraisal. One common mistake is not maintaining thorough financial records...
by Russ Lis | May 8, 2026 | Business Interruption Claims
Because business interruption claims involve financial calculations and projections, accountants often play an important supporting role during the appraisal process for these types of losses. An accountant can help organize and present financial documentation,...
by Russ Lis | May 6, 2026 | Business Interruption Claims
While business interruption appraisals follow the same general appraisal process as property damage appraisals, the type of evidence and analysis involved can look quite different. Property appraisals generally focus on physical damage, repair costs, and...
by Russ Lis | May 4, 2026 | Business Interruption Claims
The period of restoration generally refers to the length of time reasonably needed to repair, rebuild, or replace damaged property following a covered loss, and it plays a central role in calculating a business interruption claim. Disputes over this period often...
by Russ Lis | May 3, 2026 | Business Interruption Claims
Strong documentation is especially important in business interruption claims, since these losses are based on financial records and projections rather than straightforward physical repair costs alone. Historical financial statements, including profit and loss...
