COVID-19 Business Interruption Claims #103

Guests Bryan Callahan, Bob Sprague, Will Weltman, and Kevin Dreher join host Damien Martin to have a conversation surrounding business interruption claims, contingent business interruption claims, civil authority claims, and related considerations amid a global pandemic. Here’s what’s covered: Take stock and consult a professional [04:11] Industries impacted fall into two buckets [07:51] Timeline and what to expect [10:20] Arbitration [12:07] Assessing the magnitude and where to start [19:02] The time is now to start tracking [23:01] Trigger events under first party policies [27:56] Exclusions might apply [35:36] An important question to consider [40:03] Measuring the period of restoration [44:57] Claims against proceeds [51:44] Impact of possible legislation [55:25] Recoveries from relief and other sources [56:57] Closing thoughts and considerations [58:28] Learn more about our guests here. GET MORE “SIMPLY TAX” We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel. A complete archive of our episodes is available on our website and YouTube playlist. We’d love to hear from you! Email feedback and questions to [email protected]. Connect with Damien on social media! LinkedIn | Twitter | Instagram | YouTube