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When an incident such as lightning strike, hurricane, power surge, water damage, flood or break in, cause your business to cease operation, you lose money. Many business insurance policies have special coverage called "business interruption" which can cover your losses of revenue which your business would have normally realized. This is a specialized type of claim which can involve a history of your company's revenue over the prior years. This often leads to speculation. How much money would your company have earned if it never experienced the interruption in the first place? The process involves putting together a claim, using the available data of past profit and loss, including special calculations for workers, board members,, and taking into account, extra costs which continued occurring during the loss period. I encourage you to let a professional public adjuster look at your claim before you let your insurance company handle it.
My office has experience with these types of claims and has the benefit of collaboration with tax specialists in order to get these tough claims resolved fairly.
--Dr. Alan Himmel