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Taking the Mystery Out of  Business Interruption Claims March 12, 2009  The Houston City Club
What is Business Interruption?  The Chain Rule – Typical Policy Language ,[object Object],[object Object]
Applying the Chain Rule to BI Situations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Understanding the Claim/Adjustment Process ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Understanding Your Coverage ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Assemble your Recovery Team ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Setting the Reserve Estimate ,[object Object],[object Object],[object Object],[object Object]
Preparing a Preliminary Claim Estimate ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Before You Analyze Your Operations ,[object Object],[object Object],[object Object],[object Object],[object Object]
Calculating Your Claim – Big Picture ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Simplified Three Column Calculation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Expected $ 1,200,000 (400,000) $  800,000 45,000 250,000 300,000 50,000 25,000 $  130,000 Actual $  400,000 (250,000) $  150,000 25,000 100,000 150,000 50,000 25,000 $ (200,000) Loss $  800,000 (150,000) $  650,000 20,000 150,000 150,000 0 0 $  330,000 _ =
Gathering Information for Your Claim ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Calculate Expected Results ,[object Object],[object Object],[object Object],[object Object],[object Object]
Analyzing Expected Sales ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Presenting the Claim ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Defend the Claim at Settlement ,[object Object],[object Object],[object Object],[object Object],[object Object]
Defend the Claim – The Settlement Meeting ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Defend the Claim – The Settlement Meeting ,[object Object],[object Object],[object Object],[object Object],[object Object]
With the End in Mind – Fair Settlement ,[object Object],[object Object],[object Object],[object Object],[object Object]
Time for Questions
Sirius Resources Director, Litigation & Dispute Consulting Associate Director,  Navigant Consulting Manager,  Deloitte LLP Andrew has over 14 years of experience in dispute consulting, with significant experience in the energy, financial services and healthcare industries.  His commercial dispute and internal investigations experiences include expert testimony, quantification of damages and design and execution of complex international investigations.  Andrew’s consulting expertise is enhanced by his practical industry experience in both financial and operations roles.  BS Business – Lewis and Clark College MBA, Owen School of Management, Vanderbilt  University Series 7 & 63 Securities Licenses [email_address] 713-888-7284 Director, Litigation & Dispute Consulting Manager,  Ernst & Young, LLP – Fraud Investigation & Dispute Services Senior Accountant,  Deloitte, LLP – Dispute Advisory Services Scott‘s primary focus is commercial disputes including financial and economic damages, business interruption and lost profits claims, and quantification of catastrophic event damages.  He brings more than 13 years of litigation support and expert testimony experience in claims, litigation, mediation, arbitration, appraisal, and other alternative dispute resolution settings.  Furthermore, Scott has assisted in international governmental disputes in Central America and the Middle East. BBA, Accounting, Cox School of Business  – Southern Methodist University Certified Public Accountant [email_address] 713-888-7277 Scott Bushnell Andrew Sall

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Taking the Mystery Out of Business Interruption Claims

  • 1. Taking the Mystery Out of Business Interruption Claims March 12, 2009 The Houston City Club
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  • 21. Sirius Resources Director, Litigation & Dispute Consulting Associate Director, Navigant Consulting Manager, Deloitte LLP Andrew has over 14 years of experience in dispute consulting, with significant experience in the energy, financial services and healthcare industries. His commercial dispute and internal investigations experiences include expert testimony, quantification of damages and design and execution of complex international investigations. Andrew’s consulting expertise is enhanced by his practical industry experience in both financial and operations roles. BS Business – Lewis and Clark College MBA, Owen School of Management, Vanderbilt University Series 7 & 63 Securities Licenses [email_address] 713-888-7284 Director, Litigation & Dispute Consulting Manager, Ernst & Young, LLP – Fraud Investigation & Dispute Services Senior Accountant, Deloitte, LLP – Dispute Advisory Services Scott‘s primary focus is commercial disputes including financial and economic damages, business interruption and lost profits claims, and quantification of catastrophic event damages. He brings more than 13 years of litigation support and expert testimony experience in claims, litigation, mediation, arbitration, appraisal, and other alternative dispute resolution settings. Furthermore, Scott has assisted in international governmental disputes in Central America and the Middle East. BBA, Accounting, Cox School of Business – Southern Methodist University Certified Public Accountant [email_address] 713-888-7277 Scott Bushnell Andrew Sall