|
|
| Business Interruptions and Lost Profits(2000Q) |
Course CPE: 10 hours
Field(s) of Study: Accounting–6 hrs; Business Law–2 hrs; Finance–2 hrs
Program Level: Basic
Prerequisites: Previous training or experience with the fundamentals of accounting, finance, economics, and business writing. These individuals are often at the staff or entry level in organizations, although such programs may also benefit a seasoned professional with limited exposure to the area.
Advanced Preparation: None
Delivery Method: QAS Self-Study |
Item
Number: 24FL0610BILP
Shipping Weight: 0lbs. 0oz. |
| Price:
$560.00 |
|
|
|
|
Recording Date: June 10, 2024
Presenter: Kerrie Merrifield
Program Description:
This specialty track focuses on the foundations and fundamentals of business income and extra expense damages information provided. It includes alternative approaches and methodologies, notable insurance policy sections, foundational evidence and research sources, and reporting guidelines and strategies embraced by the most effective business damages experts.
Part 1—Planning the Business Interruption Engagement
Part 2—Business Interruption Policy Differences
Part 3—Business Interruptions Period of Restoration
Part 4—Types of Business Interruption Calculations
Part 5—Business Interruption Claim Opportunities
After completing this course, you will be able to:
- Determine who can and who cannot work directly with the insured and why on a business interruption loss claim
- Determine whether a policy covers extra expense
- Identify what items to discuss with and what documents to get from the public adjuster
- Identify what items to discuss with and what documents to get from the insured
- Summarize expectations and deadlines with the insured
- Select the relevant business interruption policy language
- Explain how the policy will impact the policyholder during the damage period
- Identify the time-period covered by the period of restoration
- Identify top down and bottom up damage calculations
- Differentiate between using both the Net Income and Gross Profit Methods when determining business interruption/extra expense loss
- Recognize the difference between acceptable and non-acceptable extra expenses in the business interruption claim
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
|
|
|
