Business Interruption and Insurance Loss Services
When a company is affected by a fire, flood or other catastrophic event, the damages incurred to the company can go well beyond the cost of the physical damage. The stoppage or partial interruption of a company’s operations can significantly impact its income, cash flows and its ability to meet its financial obligations during the repair period and beyond. The affected company requires the ability to estimate its insured loss under the business interruption insurance policy it had in place and determine the impact that the loss event had on its current and future operations.
Our firm has extensive experience in quantifying business interruption losses and we are recognized leaders in the field in Western Canada who the insurance industry turns to service their claim needs. We have provided business interruption course instruction and seminar presentations for the Insurance Institute of Northern Alberta for over 25 years and have also provided numerous seminars and workshops to private insurance firms in all the various aspects of business interruption coverage. We work with both companies affected by a loss to assist them to prepare their claims and/or insurers who are reviewing claims. Boon Valuations & Claims Services Inc. can help expedite the claim process and help ensure that a claim is settled fairly and professionally for all involved parties.
We typically provide insurance claims services in the following types of losses:
We also have extensive experience providing loss quantification services for liability claims related to the quantification of downtime losses of income where motor vehicle accidents or other causes have resulted in damage to trucks or specialty equipment.
Our firm has extensive experience in quantifying business interruption losses and we are recognized leaders in the field in Western Canada who the insurance industry turns to service their claim needs. We have provided business interruption course instruction and seminar presentations for the Insurance Institute of Northern Alberta for over 25 years and have also provided numerous seminars and workshops to private insurance firms in all the various aspects of business interruption coverage. We work with both companies affected by a loss to assist them to prepare their claims and/or insurers who are reviewing claims. Boon Valuations & Claims Services Inc. can help expedite the claim process and help ensure that a claim is settled fairly and professionally for all involved parties.
We typically provide insurance claims services in the following types of losses:
- Quantification of business interruption losses of profits, gross earnings, business income, rental income or other policies
- Extra expense losses
- Stock and contents losses
- Ordinary payroll analysis/losses
- Property losses
- Builder's risk
- Assistance with interpretation of business interruption policy wording
- Assistance with compiling of required financial documentation for claim submissions
We also have extensive experience providing loss quantification services for liability claims related to the quantification of downtime losses of income where motor vehicle accidents or other causes have resulted in damage to trucks or specialty equipment.