Business Interruption Services 

PRIMARY CONTACT: Thomas D. Pratt CPA, ABV, CFF, CVA

Business interruption claims typically involve a loss of income, and/or extra expenses incurred by a business. 

Business interruption claims relate to a period of time when a business cannot operate due to a disruption of the normal operations of a business. Businesses can obtain business interruption insurance to cover the financial impacts from these events. Business interruption claims can result from storms, fires, floods, hurricanes, tornadoes and maybe even COVID-19.

The Schneider Downs Business Consulting group handles all business interruption and insurance claim matters and can work with policyholders, counsel, accountants and insurance brokers and adjustors in many different ways, including:

  • Assisting in determination of period of loss or restoration
  • Assisting in preparing or evaluating financial projections
  • Preparing detailed business interruption claims and lost profit calculations
  • Calculating extra expenses, including construction, overtime, costs related to temporary locations
  • Identifying costs related to COVID-19 (e.g. cleaning, protective equipment, etc.)
  • Preparing package of all relevant documents and analyses supporting claims
  • Evaluating insured’s claim or expert report 
  • Assisting in presenting a claim to insurance carriers
  • Evaluating alternative analyses of losses prepared by insurance carriers

If claims proceed to litigation, we can also assist with discovery, depositions and settlement proceedings, presentation of financial data and provide expert testimony. For more information on our services download our Business Interrupution Service Overview

About Schneider Downs Business Consulting

The Schneider Downs Business Consulting group is experienced in handling business interruption matters with forensic accounting professionals and litigation support specialists. Additionally, our Business Consulting group managed our research and consulting work on the Paycheck Protection Program (PPP), so the team is uniquely qualified to prepare potential claims related to losses from COVID-19.

Learn more about our Business Consulting services at www.schneiderdowns.com/fas-business-consulting or contact us for more information. 

case studies

 
                                    Company impacted by ransomware.
big problem:
Company impacted by ransomware.
big thinking:
Restore system on-site and avoid six-figure ransom.
 
                                    Inefficient tax credit realization.
big problem:
Inefficient tax credit realization.
big thinking:
Identified a $900,000 tax credit, nearly twice as much as prior years.

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