FVC1904 - Business Interruption Accounting for Causality

Description

Often there is a need to consider causality in measuring business interruption losses. It may mean isolating the effects of wide-area damage caused by a disastrous catastrophe, accounting for changing economic conditions, or accounting for business model changes. This course will start with a precursor explaining the purpose of business interruption insurance policies and then advance to illustrate best practices in isolating cause and effect in measuring such losses.

Learning Objectives:

• Prepare document and information requests, and conduct research, relevant to accounting for causation in measuring business interruption losses;
• Implement tools and analytical techniques for isolating and excluding the effects of external factors in measuring business interruption losses;
• Articulate coverage questions and speak to relevant case law pertaining to accounting for causality in measuring business interruption losses.

Speaker(s):

• Shannon M. O'Malley, JD, Partner, Zelle, LLP
• Daniel R. Williams, CPA, CFF, Senior Vice President, J.S. Held LLC