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.