| Business Interruption— Understanding the Unique Issues of BI Damage Calculation and Developing a Niche Practice
Program Type: VideoCast (Audio,Video, PPT Presentation)
Program Level: Overview
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: Two (2) Hours
Fields of Study: Accounting
Shipping Weight: 0lbs. 0oz.
With the memories of recent natural disasters such as Hurricane Katrina and Superstorm Sandy still very much in the minds of many people, this webinar will be devoted to developing the unique skills and tools needed to service affected clients and assist them with their business interruption (BI) claims. The webinar will focus on exploring the unique issues faced by practitioners when reviewing insurance policies, specifically policy language as it pertains to coverage limitations and exclusions. There will also be a segment on how the participant can then develop and market these newly acquired skills to assist potential clients.
After completing this webinar, attendees will be able to:
- Differentiate between issues faced in a BI claim and how these calculations differ from a tuitional damages analysis
- Identify key issues in interpreting policy limitation and computing BI damages
- Employ newly learned skills to compute BI damage claims
- Review BI polices and recommend areas of improvement based on an assessment of a business's needs
- Summarize findings and communicate with opposing experts and insurance carriers on behalf of clients
Who Should Attend
CPAs, attorneys, valuation practitioners providing expert witness testimony
Hubert Klein, CPA, ABV, CVA, CFE, CFF
Mr. Hubert Klein is a partner in the Disputes and Investigations Group of Eisner Amper. With nearly 30 years of experience, Mr. Klein is frequently called upon as a technical resource in various litigation actions. He has consulted and provided services in matters including complex damages, business valuations, due diligence analysis, fraud and forensic investigations, matrimonial proceedings, lost profit calculations, shareholder disputes, insurance claims analysis, succession planning, and estate and gift planning.
In addition, Mr. Klein has served as an agreed upon neutral expert and as an expert witness appointed by judges in the above types of matters and to issue reports for the courts on these cases. He has also been appointed by various courts to serve as a Receiver, Provisional Director, Special Fiscal Agent, and Court’s Independent Forensic Auditor in various civil litigation matters. Mr. Klein has experience in providing traditional accounting services such as financial statement and tax return preparation, financial analysis, and consulting services for closely-held businesses.
As a strong proponent of professional development, Mr. Klein frequently speaks to both business and civic groups on topics such as business valuation, forensic accounting, commercial damages, and fraud. He has presented to both regional and national organizations.
Mr. Klein received his BS in Accounting, magna cum laude, from Johnson & Wales University, and has an A.S. in Computer Systems Management. He is a member of the American Institute of Certified Public Accountants (AICPA), serving on the Forensic and Litigation Service Committee and Fraud Task Force. As an active member of the New Jersey Society of Certified Public Accountants (NJSCPA), Mr. Klein serves on their Litigation and Valuation Services Group and Forensic Services Interest Group. He is a member of the National Association of Certified Valuators and Analysts (NACVA) as well as the Association of Certified Fraud Examiners (ACFE).
Ken Mack, CPA, CFF
Mr. Ken Mack is a forensic accountant who specializes in business interruption (BI) claims analysis. He has worked on many claims as a result of the recent natural disasters Hurricane Katrina and Superstorm Sandy. He has unique insight from being on the ground in affected areas and working with clients in the disaster zones. Mr. Mack draws upon his vast experience from his career in public accounting, from working on tax, accounting, budgeting and planning assignments, to commercial damages and forensic engagements. He is a trusted expert resource and is frequently called on by adjusters to assist in helping with BI claims from both an expert witness or claims consultant standpoint. Mr. Mack has also worked with accounting firms to help them develop a BI practice niche within their litigation services practice.