a substantial material loss due to FIRE, FLOOD, THEFT, or other CATASTROPHE including the Economic Damages, this loss is inevitably followed by a downturn in sales and increase in running costs.
These consequential losses are covered by your BUSINESS INTERRUPTION POLICY. These losses are invariably complicated to present and it is therefore recommended that you utilize the expert services for the following reasons.
The latter two coverages are typically offered as extensions of the business interruption coverage, subject to additional premium for each.
Business interruption claims, by their very nature, present a basic challenge: How does the insured determine the "actual" loss sustained? Simply stated, the actual loss sustained is most often defined as what the company would have earned had the loss not occurred, less what it actually did earn.
The amount the company "would have earned had the loss not occurred" is essentially retroactively forecasted. This requires a methodology that looks at what would have happened in normal times and conditions during the period of loss. The methodology may incorporate many factors, including, but not limited to, the following:
Developing a reasonable and supportable projection of lost revenues is a key to developing a solid business interruption claim.
We can prepare the reasonable and supportable damages valuation for the business interruption and business income loss.
•Farm Equipment •Fertilizer Distributing Equipment •Livestock •Winery & Vineyard •Hay Production
Aviation & Marine Industries
•Airplanes/Aviation Equipment •Barges/Tugs •Boats/Vessels
•Chemical Processing •Coating Companies •Commercial Bakeries •Dairy and Ice Cream Plants •Food Processing •Graphic Arts Companies •Material Testing •Painting Companies •Printing Companies
Construction Equipment & Vehicles Dealers
•Construction Equipment •National & Local Car Dealerships •Trucking Companies
•Excavation Contractors •Fire Sprinkler Companies •Flooring Contractors •General Contractors •Paving Contractors •Petroleum Specialists •Plumbing Contractors •Pre-stressed Concrete Forming •Stone Contractors •Utility Contractors
•Fertilizer Manufacturing Equipment •Soil Remediation Equipment •Wastewater Treatment Facility
•Bag Printing & Manufacturing •Boiler Fabrication & Repair •Door Manufacturing •Injection Molding •Metal Production •Tank Fabrication
Timber & Lumber Industry •Lumber Manufacturing •Milling Companies •Pressure Treated Lumber •Woodworking Companies
Hotel and Entertainment Businesses
Oil and Gas Participants
Hospital and Healthcare Facilities
Copyright © 2017 Alpha Consulting Group, Certified M&A Advisor (CM&AA), Commercial Business Valuation, Cost Segregation Study, Reserve Study - All Rights Reserved. Business Financial Commercial Valuation, Commercial Real Estate Appraisal, Capital Assets Valuation - Washington State Certified General Real Estate Appraiser, David Hahn, WA Designated Real Estate Broker, Company Business Valuation, Fairness Opinion, Solvency Opinion, Estate Tax Valuation, Gift Tax Valuation, ESOP Valuation, Patent Valuation, IP Valuation, - All Rights Reserved. David Hahn, Certified Valuation Analyst (CVA), Certified Commercial Investment Member (CCIM), Master Analyst in Financial Forensics (MAFF), Accredited Senior Appraiser (ASA).