Calculating Damages for Business Interruption Losses: Coverage Maximizing Methodologies, Post-Loss Market Conditions
Recording of a 90-minute CLE video webinar with Q&A
This CLE course will discuss the challenges that COVID-19 and other catastrophes present when calculating business interruption claims. The panel will discuss the two most commonly adopted methodologies, how the court's approach can affect recovery, and the effect of recent decisions and pending issues on this area of law.
- Business interruption formula
- Top-down and bottom-up approaches
- Particular concerns when damage is widespread
- Documents needed
- Projecting profits
- Special considerations
The panel will review these and other pivotal issues:
- How can counsel research how a court approaches the calculation process?
- What is the best approach to maximize recovery?
- Should outside consultants be engaged?
- What mitigation strategies are required?
- What costs are usually excluded from the loss?
Joseph Critelli, CPA, CFF, CRIS, ERIS
Imperium Consulting Group
During his extensive career, Mr. Critelli has accumulated thirty years of experience working in various aspects of the... | Read More
During his extensive career, Mr. Critelli has accumulated thirty years of experience working in various aspects of the Insurance Industry, including policyholders and carriers. He has spent the majority of his career consulting and providing forensic accounting services, damage measurement, and financial investigation support for national and international level clients. Mr. Critelli's particular insurance expertise includes commercial property claim preparation, business interruption, builder’s risk, construction delay & defect, soft costs, cyber-attack claims, expert witness services and other property/casualty insurance matters.Close
Mr. Gilinsky is an experienced commercial litigator who applies his complex analysis skills with extensive... | Read More
Mr. Gilinsky is an experienced commercial litigator who applies his complex analysis skills with extensive experience in insurance coverage analysis and litigation and dispute resolution. His insurance coverage practice is focused on property insurance, commercial general liability insurance, directors' and officers' (D&O) insurance, captive insurance and reinsurance issues.Close