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JDS Forensics

Business Interruption Claims and COVID-19

As the coronavirus pandemic flattens and shuts down entire industries, controversy over business interruption (BI) losses will only increase. The government-ordered lockdowns in the United States could potentially trigger BI claims and several state legislatures in the US have introduced bills that could compel insurers to pay out for BI losses. President Trump has said he believes Insurance Carriers should payout these BI losses. It is anticipated that a lot of these disputes will end up in litigation given the variety of policy wordings and the amount of BI losses at stake. At JDS Forensics we are monitoring the BI controversy and are available for consultation.  

Forensic Accounting & Consulting Services

John D. Sincore is a Certified Public Accountant (CPA), and Certified Fraud Examiner (CFE) and founder of JDS Forensics LLC. Mr. Sincore has consulted on a diverse range of forensic accounting & consulting engagements on behalf of Policy Holders, Insurance Companies, Attorneys, CPA Firms, Receivers, Trustees, Corporate Monitors, Consulting Firms, and various Government Entities at the Federal, State, and Local level.

In his role as a Forensic Consultant, Mr. Sincore has been called on to analyze more than a 1,000 economic damage claims including loss measurement services in both man-made and natural disasters (Hurricanes, Deepwater Horizon Oil Spill, Tornados, and Fire). Mr. Sincore also serves in the capacity as an Umpire and/or Appraiser in the Appraisal process found in many insurance policies

Mr. Sincore’s other services include investigating Corporate Embezzlements, Ponzi Schemes, Bankruptcy & Receivership Fraud, Securities & Insurance Fraud,  and dealing with IRS Tax Disputes. Mr. Sincore is also a Consultant to  Federal, State, and Local Government Entities in regard to Federal Disaster Grants & Recovery Programs and various Audit Engagements.


Mr. Sincore attained his Bachelor of Accounting degree from the University of Florida and his Master of Accounting degree from Florida International University.

Economic Damages

Business Interruption Losses

The most common causes of Business Interruption (BI) claims are from hurricanes, floods, tornados, fires and now the flu pandemics such as COVID-19.  After a catastrophic event, adjusters may not have the time or resources to evaluate a BI claim. Our team is strategically positioned to provide forensic accounting support to adjusters and attorneys with their BI claim load. We analyze pre-disaster and post-disaster financial information to quantify the amount of the financial loss.  

Every BI claim is unique and therefore requires an in-depth financial analysis and approach to calculating the lost profits. Even though there are some common methodologies, there are some areas that can be argued such as determination of benchmark revenues, projections, variable costs, and period of restoration.

JDS Forensics can act as your Appraiser in the appraisal process found in some policies or as an expert witness if needed in litigation.  

Financial Fraud Losses

Financial fraud may be committed by an individual or individuals inside or outside of a company that may result in financial distress or possibly the inability of the company to continue as a going concern.

Attorneys, Trustees, Receivers, Corporate Monitors, Insurance Companies, and various Government Entities typically will call upon a forensic accountant to follow the money involving various fraud schemes including Ponzi schemes, bankruptcy fraud, securities fraud, insurance fraud, grant fraud, money laundering, and corporate embezzlements.

Procedures to determine how the fraud occurred and to quantify the economic damages may include:

• Interviews of Key Financial Officers and Accounting Personnel, as well as Internal & External Auditors.
• Review of source documentation such as invoices, approved vendor lists, canceled checks, payroll records, deposits records, bank statements, general ledgers, unusual journal entries, income tax returns, financial statements analysis, bank reconstructions, analysis of emails, corporate searches of related parties or conflicts of interest and shell entities, and other applicable data analytics.
• Review of internal controls, including recommendations to the Board or Designated Oversight Entity for noted material deficiencies and methods of potential asset recovery.


• Accounting
• Amusement parks
• Art galleries
• Cities
• Counties
• Commercial real estate
• Entertainment
• Federal Govt. Agencies
• Fishing
• Franchises
• Hotels
• Jewelry
• Law firms
• Marinas
• Media & Cable Television
• Medical/dental/chiropractic
• Metal fabrication
• Photography
• Restaurants
• Retailers
• Seafood brokerage
• State Govt. Agencies
• Tourist attractions
• Transportation
• Universities
• Wholesalers
• Yacht repairs 

Please Contact John D. Sincore below or at [email protected] for references and any other questions you may have regarding your loss situation.

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