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.
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.