Simply Tax

COVID-19 Business Interruption Claims #103


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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.

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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].

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Simply TaxBy Damien R. Martin, CPA

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