Period of Restoration and Damage Calculation Theory
Co-Sponsored by the National Association of Certified Valuators and Analysts®
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Program Description |
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Schedule |
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How You Will Benefit |
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Pricing and CPE | ||
Understanding the “when” and “how much” in business interruption (BI) claims is critical knowledge for professionals involved in loss quantification and insurance disputes. This course provides a comprehensive framework for determining how long a business should have been down due to a covered loss, and how to accurately calculate the resulting damages.
This intermediate-to-advanced training draws attendees through the complex process of interpreting insurance policy language, establishing defensible restoration timelines, and applying accepted methodologies for calculating BI and Extra Expense (EE) losses. Participants will learn to distinguish between the base Period of Restoration (POR), Extended Business Income (EBI) provisions, and the nuanced rules that govern when coverage applies and ends. Emphasis is placed on identifying delays, mitigation efforts, extra expenses, and financial trends that affect loss duration and valuation.
Two primary damage calculation models are covered in detail: the bottom-up (build-up) approach and the top-down approach. Each is broken down by use-case scenario, such as total vs. partial shutdowns. Through these models, the course teaches participants how to reconstruct lost income, evaluate continuing and avoidable expenses, and project realistic revenue expectations based on historical performance.
Real-world examples, policy interpretation techniques, and practical tips for expert witnesses are included to help attendees confidently navigate insurer challenges, data gaps, and client communication. Whether working for the insured or the insurer, this course prepares professionals to deliver accurate, defensible conclusions.
This course is part of Business Interruptions and Lost Profits.
After completing this course, attendees will be able to:
- Identify the key timeframes that define the POR and EBI
- Recognize how policy language determines the end of restoration and what qualifies as extra expense
- Determine whether a business has returned to “normal operations” using appropriate benchmarks
- Analyze the relationship between BI losses and covered policy periods
- Differentiate between bottom-up and top-down approaches for calculating business interruption damages
- Explain the purpose and requirements of mitigation efforts during the POR
- Select appropriate financial documents and data for loss reconstruction
- Debate and counter common insurer objections and how to prepare for expert rebuttals
- Determine whether expenses or lost revenues are attributable to covered causes
- Evaluate how coinsurance provisions, exclusions, and waiting periods affect damage claims
To register, select the date you would like to attend and click the "Register Online" button for our online event registration. Contact Member/Client Services at (800) 677-2009 for questions or registration assistance.
| Virtual Course Schedule |
Early Registration Discounts and Deadlines |
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| Dates | Time | 10% | |||
| February 25, 2026 | 1:00–3:00 p.m. (ET) |
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1/31/2026 | ||
CPE Hours—Virtual
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For additional NASBA sponsorship information, including refund, complaint, and/or program cancelation policies, click here.
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