WP Magazine

An excerpt from one of the articles

Business Interruption Claims – What business owners and insurance representatives should know?
By Kevin Thomas and Tony Militello, BDO Canada

An unfortunate reality for many businesses is that unforeseen incidents can have a significant adverse impact on their business operations. Examples include fires, water damage, equipment failures, temporary or prolonged power outages, cyber-attacks leading to the loss of key data or ransom demands to release businesses data, and the breakdown of key machinery. These incidents can cause a business interruption (“BI”) and give rise to a BI insurance claim.

In this article, we will discuss the key concepts, common issues and misunderstandings that often arise with business owners, insurance adjusters and other stakeholders in the process of quantifying the BI claims. The views in this article provide insights on these matters from a perspective of professional accountants experienced in quantifying BI claims.

 

Archives

September 2021 – WP Highlights

  • Section 33 of the Schedule: When is the Production Request “Reasonably Required”
    By Cary N. Schneider, Schneider Law Firm
    Page 10
  • Negligence in the Peloton?
    By Barry Cox, Boghosian + Allen
    Page 22
  • Smith Building and Developments v Wynward Insurance Group
    By Glenn Gibson, ICD.D, CIP, FCLA, FCIAA, CFE, President & CEO, The GTG Group and Andrew Eckart, B.A., LL.B., Mediator and Lawyer, Eckart Mediation Incorporated
    Page 40
  • Business Interruption Claims – What business owners and insurance representatives should know?
    By Kevin Thomas and Tony Militello, BDO Canada
    Page 50

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What’s Happening

  • OIAA Annual Kick-Off Announcement
    Page 2
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  • OIAA Upcoming Webinars
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  • OIAA 2021 Student Bursary Announcement
    Page 18
  • OIAA 2022 Claims Conference Announcement
    Page 20
  • OIAA 2022 Golf Tournament Announcement
    Page 37
  • OIAA Past President Laurie Walker
    Page 38

Past Issues

2021
June 2021 Wp Front Cover Aspect Ratio 210 268
June
2021
May 2021 Wp Front Cover 5 Aspect Ratio 210 268
May
2021
April 2021 Wp Front Cover Large 5 Aspect Ratio 210 268
April
2021
March 2021 Wp Front Cover Large 5 Aspect Ratio 210 268
March
2021
Feb 2021 Wp Front Cover 5 Aspect Ratio 210 268
February
2021
Jan 2021 Wp Front Cover Email 1 5 Aspect Ratio 210 268
January
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