Business Interruption and Business Interruption Insurance: An Overview

What is Business Interruption? And what is Business Interruption insurance? Perhaps you’ve heard the term “Business Interruption” and can get a general idea of the concept from context clues. But what are the parameters for an event to qualify as a “Business Interruption?” And how can a business actually obtain insurance for such occasions? These [...]

2020-08-07T09:00:40-05:00August 7th, 2020|Accounting, Business Interruption|

Clients and Family Law Attorneys: Why You Need Us

To family law attorneys: we shoulder the financial and property division aspect of divorce so you can focus your efforts on the legal aspect. To clients: we address the asset and financial side of your divorce and offer a number of tailored services to provide you with peace of mind and answered questions. Navigating the [...]

2020-06-12T10:15:06-05:00June 16th, 2020|Accounting, Business Interruption|

Financial Analysis of Material Transactions

Forensic accountants are professionals who specialize and are skilled in tracing cashflows and examining voluminous financial data to discern patterns of fraud and asset concealment. A&C utilizes financial analysis techniques to examine unexpected relationships in financial information. If the investigation reveals unexpected deviations in relationships, they may  most likely indicate errors, but also might indicate [...]

2020-06-12T10:17:35-05:00June 15th, 2020|Accounting, Business Interruption|

Bank Reconciliations and their Importance

As each day generally has more things on the to-do list than can actually be checked off, bank reconciliations may seem to be an unnecessary chore, especially with the ease of access to online banking activity and the ability to track transactions in real time. However, continuing to push this task down the priority list [...]

2020-06-12T10:10:20-05:00June 12th, 2020|Accounting, Business Interruption|

COVID-19 Impacts on Pre-existing Business Interruption Claims

COVID-19 has disrupted businesses around the world. Business interruption coverage, often a part of a commercial property policy, has many people’s attention.  Communicable disease coverage, civil authority coverage, and contingent business interruption coverage are also among most visited coverages as policyholders try to assess whether their policies provide coverage during these times. Most businesses did [...]

2020-06-10T06:31:30-05:00June 11th, 2020|Accounting, Business Interruption|

Changes Coming to Relax PPP Forgiveness

Updated as of June 4, 2020 The U.S. Senate passed the House bill, called the Paycheck Protection Flexibility Act of 2020, Wednesday night, tripling the time for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans. Some highlights, which loan borrowers would be most interested [...]

2020-06-10T06:07:45-05:00June 10th, 2020|Accounting, Business Interruption|

COVID-19 and Business Interruption Insurance: Documents Needed to Support a Claim

As previously discussed in A&C’s article on COVID-19 and Business Interruption Insurance: Frequently Asked Questions, COVID-19, or Coronavirus, has impacted businesses worldwide. As a company analyzes and documents a business income loss claim, a critical aspect involves an examination of the insurance policy.  The policy defines areas of coverage that will indemnify the loss,  however [...]

2020-04-23T17:28:09-05:00April 23rd, 2020|Accounting, Business Interruption|

COVID-19 and Business Interruption Insurance: Frequently Asked Questions

COVID-19, or Coronavirus, has impacted most if not all of the businesses worldwide. Some have been impacted since the beginning of 2020 while others may be just starting to feel the impact over the past few weeks. Many have been questioning whether the losses of income are covered under business interruption insurance. What is Business [...]

2020-05-11T20:22:31-05:00April 10th, 2020|Accounting, Business Interruption|

What is Business Interruption / How to Calculate Business Interruption Loss & How We Can Help

A&C has extensive experience in a wide variety of Business Interruption (“BI”) loss calculations. All business is subject to interruptions: fires, hurricanes, tornadoes, power outages, theft, or vandalism, etc. Most business owners understand that it is in their best interest to manage the cost of a potential loss. To include a business interruption insurance/business income [...]

2019-11-07T13:59:51-06:00October 25th, 2019|Business Interruption|

Ahuja & Clark, PLLC A&C Experts Provide Independent, Fact-based Assessments

Ahuja & Clark, PLLC A&C experts provide independent, fact-based assessments useful in resolving business interruption disputes. The business interruption accountants at A&C are adept at analyzing historical accounting records, company work papers, and insurer work papers to provide a full understanding of the insurer's investigation. The firm has in-depth industry knowledge and sophisticated quantitative skills [...]

2019-10-25T05:24:25-05:00July 19th, 2019|Business Interruption|